Tesla China Sales Drop Harder Than Elon’s Feral Mouth on X (-76% Plunge)

There’s tanking, and then there’s whatever Tesla just did in China. The home of the American Party’s maniac and chief, is now serving its seventh consecutive main character crisis on Wall Street as it’s reported a grand total of 5,010 new insured registrations in China for the week of June 30 to July 6. That’s a 75.8% drop from the previous week’s 20,700. The Model Y SUV, by the way, accounted for 3,550 of those.

(Source: Giphy) 

For starters, this little free fall comes on the heels of a Q2 where Tesla somehow managed to crank out 384,122 deliveries globally, nearly hitting its consensus target. In China, June saw a record 71,599 delivered, barely squeaking out a 1% bump YoY. But as soon as Q3 blinked onto the calendar, the floor collapsed. Year-over-year, Tesla is down 22.9% in China for the week, despite sweating out an aggressive end-of-June numbers push. The quarter-over-quarter headline is prettier (+38.8%), but only if you ignore the annual decline and the fact that every Chinese competitor is salivating at the sight of blood in the water. BYD doesn’t need to troll, they just send the league tables and wait for Detroit to start blaming the exchange rate.

(Source: Benzinga) 

As for the Model Y, the alleged “people’s EV,” it got body-slammed with a 76% week-over-week drop. And it’s not like Tesla even hid behind “seasonality… Instead, they tried to juice July by rolling out a Model 3 with more range and a 0-100 kph time only useful if you’re running from the numbers on your own financial statements. Oh, and they hiked the Model 3 price by 10,000 yuan ($1,400) just to see if everyone’s IQ would drop in the summer heat. Spoiler: it didn’t. Meanwhile, UK sales are up 12%, which is great, until you remember the UK market might as well be a bean counting error next to China’s domestic volume. 

(Source: Electric Vehicles) 

But wait, it gets even dumber. Tesla’s solution for empty showrooms isn’t innovation, it’s every finance manager's nightmare: 0% five-year loans if you take delivery basically yesterday. It’s the kind of “promotion” that only works on people who still think Dogecoin is a retirement plan. Additionally, just when Tesla’s China team thought the weekend was over, the U.S. decided to torch what was left of regulatory support for EVs: the legendary $7,500 tax credit? Gone. CAFE standards? Evaporated. Translation: Trump’s “big beautiful bill” basically takes a baseball bat to the knees of every EV maker in America (BYD in China is already sending a thank you fruit basket).

So yeah, Tesla is embracing the suck right now. Both from horrific sales numbers in China, and from Elon’s feral mouth. Of course, Tesla still remains the best-selling pure EV brand in China... for now. But even the fanboys can’t memecoin their way out of a 76% nosedive, a regulatory rug pull, and a CEO whose compulsive rants do more harm than good. 

(Source: Giphy) 

Of course, things can change. We’ve seen it happen before, but the writing on the wall is saying “uncertainty ahead” and everyone from Jim Cramer to the Wall Street Bets cesspool is getting their put options on taking notice. Meaning, keep your eyes on this story and place your bets accordingly. Until next time, friends… 

At the time of publishing, Stocks.News holds positions in Tesla as mentioned in the article.