Tesla China insurance registrations reach 16.7K in November’s 4th week By Investing.com
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<span>© Reuters. Tesla China (TSLA) insurance registrations reach 16.7K in November’s 4th week</span><br />
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<p>Tesla (NASDAQ:) China’s insurance registrations show a slight increase in the week ending November 26, with a recorded count of 16,700 across the nation. This marks a 2.45% rise from the preceding week’s figure of 16,300.</p>
<p>To provide context, the first week of November logged 14,000 insurance registrations, followed by 12,700 in the second week.</p>
<p>Tesla China abstains from disclosing its weekly sales figures, yet an estimation of the nation’s broader automotive market can be deduced from the weekly count of new vehicle registrations filed.</p>
<p>Based on the tracked insurance registrations, Tesla China appears to have accumulated approximately 56,000 vehicle insurance registrations within the Chinese market from November 1 to November 26, according to a CNEV Post report.</p>
<p>With a few days remaining in the month, the company stands a strong chance of ending November on a positive path.</p>
<p>Ever since beginning deliveries of the upgraded Model 3, recognized in the EV community as the Model 3 Highland, Tesla China has experienced a significant uptick in insurance registrations.</p>
<p>Notably, for the week concluding on November 26, Tesla China recorded 16,700 insurance registrations—an all-time high for this fourth quarter.</p>
<p>It’s worth mentioning that Tesla China also concluded the third week of November with an impressive 16,300 insurance registrations. Consequently, Tesla China’s fourth-quarter insurance registrations are now hovering just below the company’s record-setting quarter.</p>
<p>Notably, there are five weeks remaining in Q4 2023, suggesting potential for further growth in registrations.</p>
<p>Shares of TSLA are up 0.61% in mid-day trading on Tuesday.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/tesla-china-insurance-registrations-reach-167k-in-novembers-4th-week-432SI-3244989">Source link </a></p><p>The post <a href="https://forextraderhub.com/tesla-china-insurance-registrations-reach-16-7k-in-novembers-4th-week-by-investing-com.html">Tesla China insurance registrations reach 16.7K in November’s 4th week By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>
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