Tesla Came Out on Top
Do you drive a Tesla? If you have not heard of Tesla, it is an American automotive and energy company based in California. It is well known of producing electric cars and solar energy. After long time of having negative news in the media, it has finally showed signs of significant improvements.
The data in Q3 2018 shows the Tesla Model 3 was the best-selling car in the US in terms of revenue, and the 5th best-selling car in terms of volume. Model 3 is attracting customers from both premium and non-premium brands. Boosted by a 183 percent jump in automotive sales, Tesla’s revenue grew by 129 percent to reach a record of $6.82 billion. Telsa has the increased its capability to produce ~340,000 car per year.
Data source: Tesla Investor Q3 2018 Update