Tesla (NASDAQ:TSLA) Model 3 Dominates Global EV Market – Report

The Tesla Model 3 is outperforming other competitors in terms of sales, according to data provided by EV Volumes. Telsa is currently selling over 2.5x more cars than its closest competitor, the BJEV EU-Series EV.

Tesla Model 3 Sales Boom

According to EV Volumes, 128,000 units of Tesla Model 3 were sold during the first half of 2019. This is a very good performance comparing it to the second EV car with the largest sales, the BJEV EU-Series EV. This last car sold just 49,000 units during the same period.

In this way, Tesla Model 3 was able to take the lead in a very competitive industry. The Nissan Leaf EV was the leader back in H1 2018 with over 40,000 units sold. Since that moment, this model was the only one registering lower sales. Now it comes in third place with 35,000 units sold.

Image via ev-volumes.com

It is also worth pointing out that Tesla Model 3 is also improving in the Internal Combustion Engine (ICE) category. As reported by EV-Volumes, Tesla Model 3 registered an increase of 101,000 units delivered more compared to the same period last year.

Meanwhile, cars such as the BMW 3 and 4 series, the Mercedez Benz C-Class, or the Audi A4 and A5, have registered losses in terms of units delivered during the first quarter of 2019 compared to 2018.

The deliveries of Audi A4 and A5 fell by 37,000 units compared to the first half of 2018, followed by the BMW 3 and 4 series, delivering 32,000 fewer units during the same period. The Mercedes C-Class sold 10,000 fewer units.

Most of the sales of the Tesla Model 3 were registered in the United States, with 69,000 units sold, followed by Europe with 38,000 and China with 12,000. Thus, the Tesla Model 3 became a leader in the United States, with the best results compared to ICE cars in the U.S.

Telsa Model S Beats Porsche Taycan At Nurburgring

Tesla’s success doesn’t stop here. Indeed, according to the German media outlet Auto Motor und Sport, the Model S beat the Porsche Taycan’s Nurburgring lap time by 19 seconds. The Tesla Model S registered a time of 7 minutes 23 seconds compared to the Porsche Taycan’s time of 7 minutes 42 seconds.

Elon Musk, the CEO of Tesla, said on Twitter that they expect the track times to be beaten by the actual production 7 seat Model S Plaid. This variant is expected to go into production around Octobre or November of the next year.

He has also mentioned the Tesla Model 3 would have a good performance but not as good as the Taycan.

These weeks were very positive for tesla after the booming sales of its Model 3 and the results obtained at Nurburging beating the Porsche Taycan by almost 20 seconds. Tesla stock price (NASDAQ:TSLA) is currently $242.47 after surging 0.82% in the last 24 hours. It will be important to follow how the company’s stock will be performing in the coming weeks.

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