Tesla’s China-Made EV Sales Rise 9% In March, Registering Fifth Straight Month Of Gains: Report

• This is the second quarterly gain for Tesla’s China-made EVs, rising by 24% to 213,398 units in the first quarter, compared to 172,754 units during the year-ago period.
• During the fourth quarter, Tesla’s wholesale volume of China-made EVs edged up to 245,368 units, up from 240,902 units during the year-ago period.
• Tesla’s Q1 deliveries are in focus on Thursday, with Wall Street pegging the number at 365,465 units globally, compared to deliveries of 336,681 vehicles in Q1 2025.

Tesla Inc.’s (TSLA) China-made electric vehicle sales reportedly rose nearly 9% year-on-year in March, registering the fifth consecutive month of gains.

According to a CnEVPost report citing data from the China Passenger Car Association (CPCA), Tesla’s China-made EV sales stood at 85,670 units in March, compared to 78,828 units during the same period a year ago.

On a sequential basis, Tesla’s China-made EV sales rose 46%, from 58,599 units in February.

Tesla shares were down more than 2% in Thursday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘bearish’ territory at the time of writing.

Second Quarterly Gain For Tesla’s China-Made EVs

This is the second quarterly gain for Tesla’s China-made EVs, rising by 24% to 213,398 units in the first quarter (Q1), compared to 172,754 units during the year-ago period.

During the fourth quarter (Q4), Tesla’s wholesale volume of China-made EVs edged up to 245,368 units, up from 240,902 units during the year-ago period.

According to the report, volumes of Tesla’s China-made EVs had fallen during the first three quarters of 2025 amid intensifying competition in the industry.

BYD Remains Under Pressure

Tesla’s Chinese rival BYD remained under pressure, with its EV volumes down more than 20% in March, according to the report. The company’s wholesale volumes for the month stood at 300,222 units, declining for seven straight months.

Overall, China’s new energy vehicles (NEV) segment remained flat in March at 1.12 million units, with Tesla cornering a share of a little over 7% during the month.

Tesla’s Q1 Deliveries In Focus

Tesla’s Q1 deliveries are in focus on Thursday, with Wall Street pegging the number at 365,465 units globally during the quarter. Tesla reported deliveries of 336,681 vehicles in Q1 2025.

The Future Fund Managing Partner, Gary Black, expects Tesla to report 377,000 deliveries during the quarter on the back of strong EV demand from higher energy prices.

TSLA stock is down 15% year-to-date, but up 42% over the past 12 months. The S&P 500 ETF (SPY) is up 17% over the past 12 months, while the Invesco QQQ Trust ETF (QQQ) is up 24%.

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