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meanwhile, missed market estimates for deliveries in the third quarter as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.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.

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