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Tesla's efforts to ramp up production of its Model 3 sedan are paying off and the vehicle surged past its competitors in the luxury car segment last year. Tesla produced a grand total of 145,846 Model 3s throughout the year and an estimated 138,000 of them were sold to U.S. customers. That made the Model 3 the best-selling luxury vehicle in the U.S. in 2018, a remarkable achievement given that EVs only made up 1.12% of total vehicle sales. Tesla said that its 2018 numbers exceeded the total sum of its sales between 2003 (when it was founded) and 2017.
Data from automotive magazine Car and Driver shows the vehicle models Tesla has left in its rear-view mirror. The Lexus RX was the runner up in the luxury car market last year with 111,641 models sold while the BMW 3 and 4 series came third with sales of 75,957 vehicles. With Audi and Porsche expected to launch new lines of electric vehicles this year, it remains to be seen if Tesla will be able to sustain its success.
Drivers hoping to purchase a Model 3 will be delighted to hear that Tesla recently cut the price of all three versions by $1,100 with the cheapest version of the car now starting at $42,900 before incentives. On Wednesday, Tesla CEO Elon Musk announced that the car could cost as little as $35,000 when $8,000 credits and fuel savings are factored in. Even though some observers criticized his statement given the varying cost of electricity, Tesla's pricing is still gradually moving in the right direction to reach its goal of an unsubsidized $35,000 starting price for the Model 3.
Quote
Tesla's efforts to ramp up production of its Model 3 sedan are paying off and the vehicle surged past its competitors in the luxury car segment last year. Tesla produced a grand total of 145,846 Model 3s throughout the year and an estimated 138,000 of them were sold to U.S. customers. That made the Model 3 the best-selling luxury vehicle in the U.S. in 2018, a remarkable achievement given that EVs only made up 1.12% of total vehicle sales. Tesla said that its 2018 numbers exceeded the total sum of its sales between 2003 (when it was founded) and 2017.
Data from automotive magazine Car and Driver shows the vehicle models Tesla has left in its rear-view mirror. The Lexus RX was the runner up in the luxury car market last year with 111,641 models sold while the BMW 3 and 4 series came third with sales of 75,957 vehicles. With Audi and Porsche expected to launch new lines of electric vehicles this year, it remains to be seen if Tesla will be able to sustain its success.
Drivers hoping to purchase a Model 3 will be delighted to hear that Tesla recently cut the price of all three versions by $1,100 with the cheapest version of the car now starting at $42,900 before incentives. On Wednesday, Tesla CEO Elon Musk announced that the car could cost as little as $35,000 when $8,000 credits and fuel savings are factored in. Even though some observers criticized his statement given the varying cost of electricity, Tesla's pricing is still gradually moving in the right direction to reach its goal of an unsubsidized $35,000 starting price for the Model 3.
