Wednesday, October 3, 2018

Tesla sales double in Q3

As Elon Musk said, world-wide sales doubled in Q3 from Q2's 40,768 to (Inside EVs' estimate) 83,500.  Total Tesla US sales were up 270% in September over the previous year and 225% in the nine months to September over the 9 months to September 2017.  Can this growth rate continue?  Remember Tesla Model 3 sales are not demand constrained but supply constrained.  And so far the company has done a magnificent job expanding production.  Sales of the Model 3 haven't even started in Europe or China, nor has the base-level $35,000 Model 3 become available.  It's hard not to see sales doubling again over the next year, if Tesla manages to continue to deal with production bottlenecks as it has to date. 





Model 3 sales didn't rise as much as anecdotes suggested they might, but they were still up substantially.  Sales of the model S and Y also rose, though not to new records. 

Thanks to InsideEVs for the data/estimates.



(I'll do the overall US EV/PHEV sales charts for September when Inside EVs publishes their data.)


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