US electric-vehicle sales hit record high, Tesla loses market share

© Reuters. FILE PHOTO: The company logo is pictured on a Tesla Model X electric vehicle in this picture illustration taken in Moscow, Russia July 23, 2020. REUTERS/Evgenia Novozhenina/File Photo - Electric vehicle sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla Automotive handed over more cars in the third quarter than analysts expected, and reiterated its annual production target of 52,000 vehicles.

Tesla, meanwhile, missed market estimates for deliveries in the third quarter as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts. Industry analysis firm Canalys said earlier this month that while Tesla is dominant in the United States, there is an increasing demand for a wider range of EV options to satisfy the growing interest in electric vehicles.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.

{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla flips a wireless charging company. - The VergeEarlier this year, Tesla teased an image of a Model 3 parked on top of what appeared to be a wireless charging pad. Speculation grew when it was reported that Tesla was acquiring Wiferion, a German wireless charging startup known for inductive charging technology for industrial robots and EVs. Now, just a few months later, Tesla has reportedly sold the company to another German company, PULS. Robot Report suggests it was an “acqui-hire” move, in which Tesla hires the engineers and then sells off
Source: verge - 🏆 94. / 67 Read more »

Tesla Had The Auto Industry's Highest Repeat Buyer Rate In H1 2023The Tesla Model 3 stood out as the clear leader with more than 74 percent of its returning consumers remaining loyal to the brand – usually by buying a Model Y.
Source: InsideEVs - 🏆 579. / 51 Read more »