If you looked at Tesla’s earnings report for the fourth quarter of 2018 and focused exclusively on its auto business, you’d have reasons to be very optimistic about the company’s fortunes. In 2018, Tesla sold almost as many cars as it did in all its previous years combined. Tesla’s Model 3, the first of its cars that is even remotely affordable for the average car buyer, is now the best-selling premium vehicle in the U.S. Tesla dominates the electric vehicle (EV) market in the U.S., moving 80 percent of all EVs sold last year. Looking to 2019, Tesla expects to manufacture at least 50 percent more vehicles than it did in 2018. Tesla has overestimated its manufacturing capabilities in the past, but if Tesla can hit a 50 percent increase, it would manufacture nearly 368,000 cars in 2019. Tesla also expects to finally start selling the Model 3 at its originally announced price of $35,000 (right now, the cheapest Model 3 you can get is $45,000 with an extended-range battery), and has just delivered the first Model 3s to Europe. Tesla won’t be giving Toyota or Volkswagen a run for their money on vehicles sold anytime soon, but thanks to… Read full this story
Tesla’s Car Business Is Booming. Unfortunately, It’s Not Just a Car Company. have 205 words, post on nymag.com at February 9, 2019. This is cached page on Vietnam Colors. If you want remove this page, please contact us.