Tesla dominates the electric car market - Tesla dominates the electric car market

Published on: January 15, 2019 / Update from: January 15, 2019 - Author: Konrad Wolfenstein

Tesla dominates the electric car market – @shutterstock | Vitaliy Karimov

+++ Tesla dominates electric car sales in the USA +++ Tesla's vehicle production is increasing +++
+++ Tesla Dominates Electric Car Sales in the United States +++ Tesla's Vehicle Production Is Ramping Up +++

Tesla dominates electric car sales in the United States

After more than doubling its vehicle production in 2018, Tesla drove electric vehicle sales in the U.S. to new heights last year. According to industry blog InsideEVs, the company, which produced a front-runner with the Model 3, accounted for more than 50 percent of electric car sales in the United States in the last 12 months.

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Tesla Dominates Electric Car Sales in the United States

Having more than doubled its vehicle production in 2018, Tesla single-handedly propelled electric vehicle sales in the United States to new heights last year. According to industry blog InsideEVs , the company accounted for more than 50 percent of electric car sales in the US over the past 12 months, as the Model 3 grew into its envisaged role as the first mass-market Tesla.

Tesla reportedly sold almost 140,000 units of the Model 3, outselling the second most popular electric car, the hybrid Toyota Prius Prime, 5 to 1. Tesla's Model X and Model S were the third and fourth most popular electric models, capping what was a turbulent but successful year for the company led by its eccentric and at times controversial founder Elon Musk.

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Tesla's vehicle production is ramping up

After falling behind schedule in previous attempts to increase the Model 3, Tesla's vehicle production improved significantly throughout 2018. As the company announced on January 2, the electric car maker produced 86,555 vehicles in the last quarter alone, exceeding its annual production in 2016 and tripling its production compared to the December quarter of the previous year.

Notably, Tesla built more than twice as many Model 3s as Model S and Model Xs in the fourth quarter, bringing the company closer to its goal of making the Model 3 the first mass-market Tesla. The chart below illustrates how quickly Tesla ramped up production this year, a feat that has affected everyone at the company, including CEO Elon Musk, who admitted in a New York Times that last year " was “unbearable” and that he worked up to 120 hours a week to achieve his ambitious goals at Tesla.

Tesla's Vehicle Production Is Ramping Up

Having been behind schedule in the early ramp-up for the Model 3, Tesla's vehicle output improved significantly throughout 2018. As the company announced on January 2, the electric car maker produced a total of 86,555 vehicles in the past quarter alone, beating its annual production total for 2016 and more than tripling its output compared to last year's December quarter.

Notably, Tesla built more than twice as many Model 3s in Q4 as it did Model S and Model Xs, bringing the company closer to its goal of making the Model 3 the first mass-market Tesla. The following chart illustrates how rapidly Tesla's production has ramped up this year, an achievement that has taken its toll on everyone at the company, including CEO Elon Musk, who admitted in a New York Times interview that the past year has been “excruciating” and that he's been working up to 120 hours a week to achieve his ambitious goals at Tesla.

You will find more infographics at Statista