Tesla(US:TSLA) Benzingaยท2025-09-23 09:47Core Insights - Tesla Inc. has experienced significant growth in sales within the Chinese market, with a 33.2% increase in new insured registrations during the week of September 15 to September 21 [2] - Despite the growth in China, year-to-date sales are down 5.9% compared to the same period last year, indicating challenges in maintaining overall sales momentum [3] - Tesla's sales in Europe have declined by 40.2%, and the company has captured less than 40% market share in the U.S. for the first time since October 2017, highlighting a lackluster performance in other regions [4] Sales Performance - Tesla recorded 17.2K new insured registrations in China for the week of September 15 to September 21, marking a 33.2% increase from the previous quarter [2] - Sales grew over 12.7% compared to the previous week and 25.6% year-over-year [3] - This week represented Tesla's third-highest sales week of the year and the highest week of the current quarter [3] Regional Challenges - The company is facing a significant decline in sales in Europe, with a reported 40.2% drop [4] - In the U.S., Tesla's market share has fallen below 40%, a notable decrease since October 2017 [4] Product Developments - Tesla has discontinued the RWD long-range version of the Cybertruck in the U.S., which was priced at $69,990, as the company struggles with sales of the EV pickup [5] - Despite these challenges, Tesla is on track to exceed analyst expectations for third-quarter deliveries, contributing to a surge in its share price [5] Legal Issues - Tesla is facing a lawsuit in China from over 7 customers who are seeking refunds and damages for not receiving Full Self-Driving (FSD) capabilities, despite having paid for the feature [6]