Tesla achieved sales of 21,900 electric vehicles in China during the first week of December, marking the highest sales figure for the fourth quarter.

Tesla, Inc. announced record weekly sales of 21,900 electric vehicles in China during the first week of December, representing the highest weekly sales volume for the fourth quarter of 2024.

The U.S. automaker's remarkable weekly sales figures follow their most successful month in the Chinese market this year, exceeding 73,000 units sold in November.

Tesla's Model Y achieved leading sales figures in China over the past year, with 556,000 units sold, establishing it as the top-selling passenger vehicle. 

To address intensifying competition, especially from BYD, Tesla has implemented a strategic, limited-time incentive program for the Model Y, offering a 10,000 yuan ($1,375.89) discount on existing loan balances.

Tesla, Inc. CEO Elon Musk recently jested on X that Microsoft co-founder Bill Gates could experience significant financial losses should Tesla become the world's most valuable company by a considerable margin, further escalating their existing conflict over Mr. Gates' short position in the electric vehicle manufacturer.

This comment arises as Tesla's current market capitalization of $1.251 trillion remains significantly below Apple Inc.'s $3.729 trillion. A nearly 200% increase in Tesla's valuation would be required to surpass Apple.

The conflict between the two billionaires stems from Mr. Gates' undisclosed short position in Tesla stock, resulting in an estimated $1.5 billion loss, as documented in Mr. Isaacson's 2023 biography of Mr. Musk.

In a 2021 CNBC interview addressing this investment, Mr. Gates declined to comment on his specific positions but acknowledged Tesla's achievements, stating, "What Elon has done with Tesla is fantastic."

During a March 2022 meeting at Tesla's Austin facility, tensions escalated as Mr. Gates and Mr. Musk discussed philanthropy and climate change. Mr. Gates expressed regret regarding his short position, according to Mr. Isaacson's book; however, Mr. Musk remained unconvinced, viewing this action as hypocritical given Mr. Gates's public commitment to climate change initiatives and his simultaneous bet against a company leading electric vehicle development.

Musk questioned the consistency of advocating for climate change mitigation while simultaneously diminishing investment in a key player in the field.