Electric vehicle sales skyrocketed in the first quarter of 2022 in the United States, with California dominating national sales and Tesla accounting for the lion’s share of the state’s pure battery EV (BEV) sales.
As the world gradually shifts to electric vehicles, the auto industry is also beginning to witness the decline of the decades-old dealership model.
According to the China Passenger Car Association (CPCA)’s data, Tesla sold in China some 23,200 Made-in-China (MIC) cars (up 27% year-over-year) and exported 33,315.
Tesla sells a lot of electric vehicles, which is something that we all pretty much know and acknowledge.
China’s share in Tesla’s overall sales rose to 22.6% in the third quarter, up from just under 20% a year ago.
Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 3% after hours as investors digested the numbers.
The number was more than double the deliveries for the same period last year.
A Plaid+ version, expected later in 2021, will add even more speed and boost potential range, Tesla claims, to over 520 miles.