File photo/NBD

In the first quarter of this year, the Chinese market contributed over 30% of Tesla's sales and 20% of its revenue.

According to documents submitted by Tesla to the US Securities and Exchange Commission (SEC) on April 24th, the company's total revenue for the first quarter of 2023 was $23.329 billion, a year-on-year increase of 24%. Tesla's revenue in the Chinese market was $4.891 billion, a year-on-year increase of 5.18%.

In terms of revenue share, China's revenue accounted for 20.97% of Tesla's global revenue, a slight decrease from the 22.27% share in the full year of 2022.

It is worth noting that Tesla began to lower prices globally at the beginning of this year, which also affected Tesla's profit margin. However, Musk emphasized in the earnings call that the priority is sales, not profit.

In terms of sales, Tesla's latest delivery data shows that it delivered 422,900 electric vehicles in the first quarter of 2023, an increase of 4% month-on-month and 36% year-on-year, reaching a historical high.

According to data from the China Passenger Car Association, Tesla's total sales in China in the first quarter of this year were 229,300 vehicles, a year-on-year increase of 21%. Calculated in this way, the Shanghai Gigafactory still contributed more than half of the production capacity.

In terms of sales of the Shanghai Gigafactory in the Chinese market, data from the China Passenger Car Association shows that Tesla's export sales in China from January to March this year totaled 91,900 vehicles.

Calculated in this way, Tesla's sales in the first quarter in China were 137,400 vehicles, accounting for over 30% of its global sales.