Tesla Faces Demand Challenges in China Despite Record Weekly Sales

The company reintroduces 0% financing for the Model Y RWD as competition intensifies and Q1 sales fall short of last year's figures.

Tesla recorded its best sales week of the year in China, with 15,300 vehicles sold between March 10 and March 16, 2025.
The company has reintroduced 0% financing for the Model Y RWD to address weak demand, with delivery timelines shortened to 2-4 weeks.
Tesla's Q1 2025 sales in China are down approximately 4,000 vehicles compared to Q1 2024, highlighting ongoing demand pressures.
Domestic EV makers like BYD, NIO, and ZEEKR are intensifying competition with advanced technologies and features, challenging Tesla's market position.
Tesla's stock dropped 4% in pre-market trading following reports of demand challenges for the Model Y RWD and declining sales figures.