In August, Tesla's sales of Made-in-China (MIC) Model 3/Model Y in China and exports from China went in opposite directions compared to the previous year.
While the overall result is positive, it turns out that the exports were significantly lower, and the growth comes solely from higher local sales.
During the first eight months of the year, the total wholesale sales amounted to 624,983, which is 56 percent more than a year ago at this point.That's an interesting outcome, suggesting that the manufacturer focused on local sales while preparing the significantly upgraded new Tesla Model 3 .So far this year, Tesla locally sold over 390,000 MIC electric cars in China, which is 62 percent more than a year ago.
In other words, after applying several price cuts and incentives, Tesla is selling better than ever in China, although the margins are most likely affected.We guess that the reason was the switch from the old to the new Model 3, which is exported in high volume to Europe . Once the new Model 3 is ready for export, we might see a significant increase in the following months.
Tesla usually exports the highest number of cars in the first month of a quarter, and a substantial number of cars also in the second month of a quarter. So far this year, Tesla exported 234,761 MIC cars from China, which is 47 percent more than a year ago.
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