Tesla (TSLA) Dominates US EV Market with Leading Sales in Q3

Tesla (TSLA) Dominates US EV Market with Leading Sales in Q3

According to data from Cox Automotive and the Kelley Blue Book, Tesla (TSLA, Financial) continues to lead the U.S. electric vehicle (EV) market. In the third quarter of this year, Tesla captured the top three spots on the best-selling EV list, with the Cybertruck ranking third, the Model 3 sedan coming in second, and the Model Y crossover taking the lead.

Tesla’s total EV sales in the third quarter amounted to 166,923 units. Over the first nine months of the year, the company sold 471,374 vehicles in the U.S., securing nearly half (49.8%) of the country’s EV market.

The Tesla Cybertruck made a strong impression, with 16,692 units sold in Q3, making it the third-best-selling EV and the leading electric pickup truck in the U.S. So far this year, 28,250 Cybertrucks have been sold, surpassing competitors like Ford’s F-150 Lightning, Rivian’s R1T, and Chevrolet’s Silverado combined, whose total sales for the quarter were significantly lower.

In the electric passenger vehicle sector, the Tesla Model Y dominated with 86,801 units sold in Q3. This pushed its total U.S. sales for the first nine months to 284,831 vehicles, capturing 30.1% of the EV market share.

The Tesla Model 3 secured the second spot for Q3, with 58,423 units sold. Notably, the Model 3 is produced only at Tesla’s Fremont and Shanghai factories, while the Model Y is manufactured at four locations: Fremont, Shanghai, Texas, and Berlin. Cumulatively, the Model 3 has reached 131,975 units sold in the U.S. this year.

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