• 318 days Could Crypto Overtake Traditional Investment?
  • 323 days Americans Still Quitting Jobs At Record Pace
  • 325 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 328 days Is The Dollar Too Strong?
  • 328 days Big Tech Disappoints Investors on Earnings Calls
  • 329 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 330 days China Is Quietly Trying To Distance Itself From Russia
  • 331 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 335 days Crypto Investors Won Big In 2021
  • 335 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 336 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 338 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 339 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 342 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 343 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 343 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 345 days Are NFTs About To Take Over Gaming?
  • 346 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 349 days What’s Causing Inflation In The United States?
  • 350 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. News
  3. Breaking News

Tesla Dominates Latest Global EV Sales List

Tesla

Tesla Model 3 topped the global EV sales ranking compiled by CleanTechnica and EV Volumes for 2018. In fact, Tesla as a brand dominated the top 5, with all three of its models there. The Nissan Leaf and BAIC EC-Series were also among the top five EVs sold in 2018.

In absolute terms, Tesla Model 3 sales topped 140,000, with Chinese BAIC’s EC-Series at about 90,000 vehicles and the Nissan Leaf slightly lower than that. Tesla challengers from BMW, Toyota, Renault, and Mitsubishi were far down the list.

The ranking suggests that the Model 3 may indeed turn out to be the car that will tip Tesla’s fortunes into positive territory, after a string of mass production delays and an even longer string of quarterly losses reported by Tesla made many doubt whether the company had long to live.

Yet the most shorted company in the history of the U.S. market somehow managed to turn things around and ramp up the Model 3 production quickly enough to report a profit for the third quarter of 2018. The company remained in the black in the next quarter as well, although it is not completely out of the woods as it also announced job cuts of 7 percents in order to make its cars more cost-competitive.

The ranking results are good news for the global EV market as a whole, however, even though they might worry Europe’s big carmakers who have ambitious plans to take on Tesla with extensive new EV lineups. Total EV sales last year brought the share of plug-in cars to 2.1 percent, which, albeit not a very impressive figure on its own, is a lot more than EVs accounted for just two years ago.

This year Tesla plans to add another model to its lineup, the Tesla Semi, which the head of Daimler’s truck business notoriously mocked as going against the laws of physics. However, the truck may already be in the testing stage, according to an Electrek report from January citing a logistics company Tesla had approached with a proposal to test drive the Semi that was showcased last year.

By Irina Slav for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment