Under Elon Musk’s Leadership, the Company Continues to Lead in Electric Vehicle Sales
Tesla, Inc. has announced that it has sold over 3 million units of the Model 3 sedan worldwide. This milestone marks a significant achievement for the company under Elon Musk’s leadership.
What Happened
The electric vehicle giant made the announcement on a Chinese social media platform, stating that the Model 3 is selling 3 million units worldwide. Additionally, the company shared that it sells one unit of the Model 3 every 1.5 minutes. Tesla also highlighted its ranking as the number one global pure electric car sales leader for 7 consecutive years.
Key Statistics
- 3 million units of the Model 3 sedan sold worldwide
- One unit of the Model 3 sold every 1.5 minutes
- Ranked first in global pure electric car sales for 7 consecutive years
Why It Matters
This news comes as Tesla announced a rebound in Chinese sales, with over 12,300 new insured registrations in the Chinese market in the second week of July. However, the company has experienced sluggish sales in the U.S., with new units sold dropping 6% year-over-year. Despite this, Tesla remains the segment leader with a 44% market share in America.
Response to Sluggish Sales
To boost adoption among customers, Tesla has announced a series of offers on its vehicles in the U.S., including the Cybertruck, the Model 3, and the Model Y. The company has also appointed a new executive to oversee the sales team after a previous executive’s departure.
Conclusion
Tesla continues to lead in electric vehicle sales, with the Model 3 being a top-selling model. With its rebound in Chinese sales and efforts to boost U.S. sales, the company remains a major player in the industry.
Related News
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- Tesla rebounds in China with 12,300 weekly registrations, highest 2nd week ever
- EV prices drop 2.8% in June as incentives surge amid tumbling Tesla sales
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