Tesla's China Weekly Insured Numbers Hit New Year-To-Date High: Gary Black Says TSLA's Europe Sales Decline Not Relevant

Elon Musk's Tesla Inc. TSLA has something to cheer about in China, with weekly insured registrations hitting 17,300, marking the highest point this year.

What Happened: This increase aligns with the ramped-up production of the refreshed Model Y, as highlighted in a post on X by Future Fund LLC Managing Partner Gary Black on Tuesday.

In today's pre-mkt summary for Subscribers: $TSLA China weekly insured registrations hit 17.3K, a YTD high as refreshed Model Y production ramps higher; TSLA Europe Feb sales decline of -47% not relevant given severely limited Model Y inventory as TSLA changes over to new Model…
— Gary Black (@garyblack00) March 25, 2025

In contrast, Tesla’s European sales have seen a 47% decline in February, primarily due to the limited availability of the Model Y during its transition to the new Model Y Juniper version, according to Black.

Additionally, former President Donald Trump has proposed “secondary tariffs,” a strategy designed to penalize nations purchasing oil and gas from Venezuela.

Why It Matters: Tesla’s recent achievement in China comes at a time when the company is facing multiple challenges globally.

In Europe, Tesla’s market share has been shrinking despite a growing demand for electric vehicles. According to the European Automobile Manufacturers Association, Tesla’s sales in Europe have dropped by 42.6% this year, with its market share falling to 1.8% from 2.8% last year.

The situation is compounded by a forecast from JPMorgan analysts predicting a potential 50% drop in Tesla’s stock price. This comes after Tesla’s stock lost $127 billion in value in a single day of trading in early March.

Furthermore, Tesla owners could face increased insurance premiums due to a surge in vandalism against their vehicles, as reported by experts. Despite claims by Elon Musk and Donald Trump of coordinated attacks, law enforcement agencies have found no evidence supporting these allegations.

Adding to the challenges, Nova Scotia has joined other Canadian provinces in excluding Tesla from their electric vehicle rebate programs, further impacting the company’s market presence.

Tesla holds a momentum rating of 84.01% and a growth rating of 67.94%, according to Benzinga's Proprietary Edge Rankings. The Benzinga Growth metric evaluates a stock’s historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance. For an in-depth report on more stocks and insights into growth opportunities, sign up for Benzinga Edge.