Industry dynamics

Wait times for all available Tesla models in China become 1-4 weeks

Publishtime:1970-01-01 08:00:00 Views:30

The full range of Model 3 and Model Y models now have an expected delivery date of 1-4 weeks, and the information was changed to December earlier this month.

(Vehicle information displayed on Tesla's China website on December 26.)

The wait times for the full range of available Tesla (NASDAQ: TSLA) models in China have seen new changes, as December comes to the end.

The full range of Model 3 and Model Y models now have an expected delivery date of 1-4 weeks, information on Tesla's China website shows. Previously the expected delivery dates for these models were all in December.

Tesla has a factory in Shanghai that produces the Model 3 sedan as well as the Model Y crossover.

The Model 3 is currently sold in China in two versions for RMB 265,900 ($38,100) and RMB 349,900. The Model Y is available in three versions for RMB 288,900, 357,900, and 397,900.

Other than the change in the expected delivery date, other information on these models including prices as well as key specifications remained unchanged.

On December 2, the expected delivery dates for Tesla's full line of Model 3 and Model Y models in China changed to "December 2022". Until then, the wait times for these models were 1-5 weeks.

China's policy support for new energy vehicles (NEVs) in 2022 includes subsidies and purchase tax exemptions, both of which will expire at the end of the year, although the latter has been extended to the end of 2023.

The latest wait time change for Tesla models means that even for models that were previously eligible for purchase subsidies, consumers who place orders now will likely not receive them.

It is worth noting that Tesla is currently offering some benefits to incentivize consumers to place orders.

Consumers who purchase a vehicle that has already been produced and complete delivery by December 31 can receive an RMB 4,000 insurance subsidy and an additional RMB 6,000 discount, according to Tesla's China website.

Tesla sold 62,493 vehicles in China in November, including 10,069 Model 3s and 52,424 Model Ys, according to data released earlier this month by the China Passenger Car Association (CPCA).

In January-November, Tesla sold 397,844 units in China, including 111,917 Model 3s and 285,927 Model Ys, figures from the CPCA monitored by CnEVPost show.

In a December 24 report, Reuters said Tesla suspended production at its Shanghai plant on Saturday, bringing forward its previous plan to suspend most work at the facility in the last week of December.

Earlier today, local media quoted a Tesla China source as saying that the vehicle production line in Shanghai would undergo its annual maintenance work this week as planned.

Other workshops, including charging pile production, were not suspended, so the media report of a factory suspension is not entirely accurate, the source said.