Elon Musk-owned Tesla seems to be back in form, at least for the month of March in China. Despite launching domestic deliveries of the refreshed Tesla Model Y in China last month, the vehicle has already made a substantial impact on the nation’s automotive market, a report has said, citing data which indicates that the new model emerged as one of China’s top-selling vehicles, reflecting strong consumer demand. Elon Musk shared the news in a post on X (formerly Twitter).
“Tesla Model Y is #1 in China,” Musk said in a reply to a post that shared the details of Tesla performance in China in March 2025.
Tesla sales performance in China in March 2025
Specifically, Tesla China reportedly sold 43,370 Model Y units during March in China. This figure positioned the revamped electric crossover as the best-selling battery electric vehicle in China by volume.
Following the Model Y, the more affordable and compact Hongguang Mini EV achieved sales of 34,720 units. Tesla’s re-engineered Model 3 also performed well, recording 23,230 units sold in March, securing its place as the seventh best-selling battery electric vehicle (BEV) in the country.
Moreover, Tesla’s vehicle insurance registrations in China experienced a surge in the final week of the first quarter, marking the company’s highest weekly total for 2025.
Citing data from independent China auto industry trackers, the report also says Tesla’s insurance registrations in China reached approximately 20,700 units for the week of March 24-30, representing a 21% increase from the 17,000 units registered in the preceding week.
While Tesla’s overall insurance registrations in China, considered a proxy for deliveries, are down over 30% compared to the previous quarter, they have risen by approximately 2% year-over-year.
Tesla investors anticipate low-delivery numbers
Recent reports said that investors are anticipating a decline in Tesla’s first-quarter vehicle deliveries, marred by political controversy surrounding CEO Elon Musk and softening demand for the company’s aging models.
Analysts predicted Tesla’s January-March deliveries to hover around 373,000 units, a 3.6% decrease from the same period last year.
Recently, the Tesla CEO urged employees to hold despite a 40% drop in share price this year.
“There are times when there are rocky moments, a little bit of stormy weather but I’m here to tell you the future is bright and exciting,” Musk told employees.
