Tesla China registrations maintain momentum in Q3’s ninth week

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Tesla China saw 14,400 new vehicle registrations in the week of August 26 to September 1, 2024. These numbers represent a 1.41% increase from the 14,200 registrations that were tracked for the electric car maker in the previous week. 

Tesla China does not report its weekly sales figures, though a general idea of the company’s overall domestic performance could be inferred through new vehicle registrations. Fortunately, these registrations are closely tracked and reported by industry watchers, as well as automakers like Li Auto. 

And as per Li Auto’s data, Tesla China saw 14,400 new vehicle registrations in the week ending September 1. For context, Tesla China saw 14,200 registrations in the week ending August 25; 14,300 insurance registrations in the week ending August 18; 15,500 registrations in the week ending August 11; and 12,500 new vehicle registrations in the week ending August 4, 2024. 

A look at the trend of Tesla China’s new vehicle registrations this third quarter suggests that the electric vehicle maker is pushing hard to produce and sell as many vehicles as it can until the end of the year. Tesla’s hard work seems to be paying off, as industry watchers estimate that the company’s 2024 figures are now just around 5,000 cars away from matching 2023’s results. 

Tesla China’s performance was impressive in 2023, though the company did see a hit to its vehicle production in the latter half of the year. This was due to production pauses and retooling activities at Giga Shanghai to prepare and ramp the reengineered Model 3 sedan. The Model Y crossover, Tesla’s best-selling vehicle, is also produced at Giga Shanghai. 

Elon Musk stated that he believes Tesla could exceed its 2023 records this 2024. But considering that Tesla delivered a total of 1,808,581 vehicles in full year 2023, as well as the fact that the company has only delivered 830,776 vehicles between Q1 2024 and Q2 2024, it would appear that Tesla China and Giga Shanghai would be very busy this Q3 and Q4 2024. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Tesla China’s new vehicle registrations maintain momentum in Q3’s ninth week





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Elon Musk snubbed from TIME’s ‘Most Influential People in AI’ list

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Tesla CEO Elon Musk was snubbed from TIME Magazine’s “Most Influential People in AI” list, despite being the driving force behind the company’s self-driving efforts, data collection, and the development of the humanoid robot Optimus, along with other projects, like xAI.

TIME released its list today, highlighting what it intended to be a compilation of the most brilliant names in AI. Those on the list have achieved big things, and the names on the list are not to be discredited in any way.

Some of the names on the list are the biggest in tech and AI development. Jensen Huang, CEO of Nvidia, Sam Altman, CEO of OpenAI, Satya Nadella, CEO of Microsoft, and Mark Zuckerberg, CEO of Meta, are all included on the list.

These are just a few of the names that TIME listed as the most influential in AI, but Musk was not included.

Of course, there are plenty of ways to speculate as to why. Musk’s recent involvement in political commentary has been polarizing, to say it mildly.

This is despite other names on the list, like Zuckerberg, for example, admitting to recent political pressure impacting business decisions, Musk’s transparency has likely cost him.

For what it is worth, the recognition is no more than a meaningless accolade. The people on this list will not have a big party in honor of this award; they will only take it as a subtle pat on the back and likely get right back to work.

But Musk’s accomplishments in AI are impactful. Tesla has a very robust semi-autonomous driving suite that is supported by AI to become more accurate and powerful. His work has also culminated in Tesla being recognized for its work in robotics as the Optimus humanoid robot project continues progressing.

Musk has also led projects outside of Tesla, like Neuralink. This, in itself, seems like it would be enough to make it on the list, especially as some have already started utilizing it to regain some human function.

Neuralink installs its brain implant into a second human patient

Some believe the snub is simply a ploy for the devoted Tesla fans to talk more about Musk not being on the list, bringing more attention to the TIME selections. If that’s so, kudos.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Elon Musk snubbed from TIME’s ‘Most Influential People in AI’ list





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Tesla’s Elon Musk questions Volkswagen’s Rivian investment

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Tesla CEO Elon Musk is questioning Volkswagen’s Rivian investment, asking about the German company’s financials after it committed to funneling up to $5 billion into the EV startup earlier this year.

Volkswagen said it would start with a $1 billion investment that could eventually swell into $5 billion as Rivian continues to work toward profitability.

After Ford and Amazon both started with investments in Rivian and either eliminated their stake (in Ford’s case) or lost exclusivity (in Amazon’s), VW stepped in and propped Rivian up with a major investment.

But there are questions surrounding Volkswagen’s stability. Earlier this week, reports circulated that the German automaker was considering closing factories in its home country for the first time as it is struggling to fend off pressure in Europe from Asian automakers.

The company’s works council said it vowed “fierce resistance” as Volkswagen considered two of its plants, one for vehicles and one for components, to be obsolete.

Volkswagen to invest up to $5 billion in Rivian

The company cut a job security program that has been enforced for the last 30 years. It also has its VW brand undergoing an $11 billion cost-cutting drive to save money by 2026, Reuters said.

That begs the question, if it is doing anything it can to cut expenditures, how is it planning to invest in Rivian.

Musk asked the same question:

Ideally speaking, Rivian is on the right track and is working toward profitability, which will make Volkswagen’s investment a good one. Rivian is continuing to grow in terms of vehicle deliveries and production, is working toward the release of its next platform, known as the R2, which will be more affordable and will, in theory, increase sales.

Still, Musk brings up a valid question: if Volkswagen is undergoing a major cost-cutting strategy and considering shutting down factories in its home country, would it truly be ideal to invest up to $5 billion?

Perhaps. According to Volkswagen, it had an operating profit of just over $25 billion last year, up 2.11 percent from 2022. Its revenue was $356.8 billion.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Tesla’s Elon Musk questions Volkswagen’s Rivian investment





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