(Reuters) – Tesla Inc’s vehicle registrations in the U.S. state of California rose nearly 63% in the fourth quarter compared to last year, mainly due to the success of the company’s Model Y, according to data from Cross-Sell here, ‘ a research firm that collects title and registration data.
The carmaker reported better-than-expected deliveries of 2020 earlier this month, driven by a steady increase in the adoption of electric vehicles, though it narrowly missed its ambitious full-year target of half a million deliveries during a penal year for the global automotive industry. has. .
The report released Wednesday showed that registrations in California, a chime for the electric carmaker and its largest U.S. market, recovered from a low of about 16,200 vehicles in the third quarter to about 22,117 vehicles in the three months ended December.
At about 11,417, the registrations in the Tesla Model Y compact crossover utility vehicle are better than those for the Model 3. California registrations for Tesla’s Model 3 mass market sedan dropped 34% year-on-year to 7,044.
The total fourth-quarter registrations in the 23 countries where data were collected were 44,749, and Model Y accounted for nearly half of the registrations.
Registration numbers may not reflect the number of vehicle deliveries during the quarter, as registrations in the United States typically take about 30 days from the time of sale.
Tesla, whose shares rose more than 700% in 2020, is expected to report fourth-quarter results after the market closes on January 27.
Reported by Akanksha Rana and Ayanti Bera in Bengaluru and Tina Bellon in New York; Edited by Vinay Dwivedi