The wait time for Tesla's (NASDAQ: TSLA) Model 3 sedan has gotten slightly longer in China, after dropping to an all-time low earlier this month.
The latest delivery wait times for all three variants of the Model 3 are 2-4 weeks, up from 1-4 weeks previously, according to CnEVPost's daily monitoring of Tesla's China website.
The latest delivery wait times for all three variants of the Model Y crossover are unchanged and remain at1-3 weeks. The expected delivery dates for both the Model S and Model X, which are not produced locally in China, are in the fourth quarter, also as before.
Model 3 delivery wait times were last changed on July 4, when they were shortened from 1-6 weeks to 1-4 weeks, and Model Y wait times were shortened from 1-6 weeks to 1-3 weeks.
The last change on July 4 reduced Model 3 and Model Y wait times in China to an all-time low. The previous record was they both saw wait times reduced to 1-4 weeks on December 26, 2022.
Tesla has a factory in Shanghai that currently has an annual production capacity of more than 950,000 vehicles, its largest in the world.
The factory produces the Model 3 and Model Y and not only delivers to local consumers, but is also an export hub for Tesla.
The Model 3 is currently offered in three variants in China -- an entry-level rear-wheel-drive version, a long-range all-wheel-drive version, and an all-wheel-drive performance version -- with starting prices of RMB 231,900 ($31,870), RMB 271,900, and RMB 335,900, respectively.
The Model Y is also currently available in China in three variants -- an entry-level rear-wheel drive version, a long-range all-wheel drive version, and an all-wheel drive performance version -- with starting prices of RMB 249,900, RMB 290,900, and RMB 354,900, respectively.
Tesla's retail sales in China in June were 59,261 vehicles, down 20.15 percent year-on-year, but up 7.33 percent from May, according to data released on July 8 by the China Passenger Car Association (CPCA).
In the first half of the year, Tesla sold 278,317 vehicles in China, down 5.37 percent year-on-year.
The Model 3 sold 70,500 units in China in the first half of the year, and the Model Y was 207,817, contributing 25.33 percent and 74.67 percent of Tesla's sales in China, respectively, data compiled by CnEVPost showed.
Source
https://cnevpost.com/2024/07/11/tesla-model-3-wait-china-longer/
