• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Tesla has huge growth in this important market

By
Michal Addady
Michal Addady
Down Arrow Button Icon
By
Michal Addady
Michal Addady
Down Arrow Button Icon
October 26, 2015, 12:12 PM ET
Elon Musk, chairman and chief executive officer of Tesla Motors Inc., demonstrates the falcon doors unveils the Model X sports utility vehicle (SUV) during an event in Fremont, California, U.S., on Tuesday, Sept. 29, 2015. Tesla Motors Inc., the smallest publicly held U.S. automaker, hands over the first of its Model X sport utility vehicles Tuesday evening amid growing scrutiny of Volkswagen AG, one of the world's biggest car companies, after the admission that it cheated on emissions tests. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Elon Musk
Elon Musk, chairman and chief executive officer of Tesla Motors Inc., demonstrates the falcon doors unveils the Model X sports utility vehicle (SUV) during an event in Fremont, California, U.S., on Tuesday, Sept. 29, 2015. Tesla Motors Inc., the smallest publicly held U.S. automaker, hands over the first of its Model X sport utility vehicles Tuesday evening amid growing scrutiny of Volkswagen AG, one of the world's biggest car companies, after the admission that it cheated on emissions tests. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Elon MuskPhotograph by David Paul Morris — Bloomberg via Getty Images

Tesla just had its strongest quarter in China, Bloomberg reports.

Elon Musk, the automotive company’s CEO, broke the news to Chinese media during a trip to Beijing last week. 1,345 units were sold in the country in the third quarter, ending in September, marking Tesla’s highest sales quarter in the country since entering the Chinese market last year.

797 Teslas were sold in the first quarter of 2015 and 883 were sold in the second, meaning nearly as many cars were sold in this past quarter alone as were sold in the first two combined. This could be a step in the right direction after Tesla has had difficulty making an impact in the country.

China is the largest car market and, with unmatched pollution problems, should be the largest electric vehicle market. However, this hasn’t been reflected in the company’s past sales. Tesla cut jobs earlier this year after failing to meet ambitious sales targets.

The company hopes that sales will boost even higher next year when it debuts its Model X SUV in China during the first half of 2016, though it was originally scheduled to be released this summer.

In an interview with Xinhua News Agency, Musk claimed that Tesla sales in China could be on track to match U.S. sales within five or six years. The company plans to release third quarter U.S. sales on November 3, but the second quarter saw a record high of 11,532 delivered vehicles.

About the Author
By Michal Addady
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Augusta Precious Metals review: What to know in 2026 
Personal FinanceGold
Augusta Precious Metals review: What to know in 2026 
By Joseph HostetlerApril 14, 2026
11 minutes ago
The billionaire Anthropic cofounder who majored in literature and says knowing how to ask the right question beats knowing how to code
SuccessTech
The billionaire Anthropic cofounder who majored in literature and says knowing how to ask the right question beats knowing how to code
By Marco Quiroz-GutierrezApril 14, 2026
18 minutes ago
suburb
Real EstateHousing
Another month, another record-high home price: March hits $408,800—the 33rd straight increase
By Jake AngeloApril 14, 2026
51 minutes ago
A couple being shown around a home by a realtor.
Real EstateHomeownership
Home sales just fell 3.6%—and the spring buying season may not save them
By Tristan BoveApril 14, 2026
53 minutes ago
Trump’s economy officially passes Biden’s for worst consumer sentiment in recorded history
EconomyConsumer
Trump’s economy officially passes Biden’s for worst consumer sentiment in recorded history
By Nick LichtenbergApril 14, 2026
1 hour ago
xi jinping
EconomyRecession
Xi Jinping says the world order is ‘crumbling into disarray.’ Larry Fink and the IMF are worried about a global recession
By Nick LichtenbergApril 14, 2026
1 hour ago

Most Popular

Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
Success
Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
By Fortune EditorsApril 13, 2026
1 day ago
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
Commentary
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
By Fortune EditorsApril 14, 2026
11 hours ago
He was coding at 12 like Elon Musk and became one of Google’s youngest-ever CMOs—but now says Gen Z is better off ice skating than learning to code
Success
He was coding at 12 like Elon Musk and became one of Google’s youngest-ever CMOs—but now says Gen Z is better off ice skating than learning to code
By Fortune EditorsApril 14, 2026
14 hours ago
Current price of gold as of April 13, 2026
Personal Finance
Current price of gold as of April 13, 2026
By Fortune EditorsApril 13, 2026
1 day ago
‘I’m not going to force you’: Duolingo CEO backs off from evaluating employees on their AI usage 
Workplace Culture
‘I’m not going to force you’: Duolingo CEO backs off from evaluating employees on their AI usage 
By Fortune EditorsApril 13, 2026
1 day ago
'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans
Economy
'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans
By Fortune EditorsApril 12, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.