Data gathered by LearnBonds.com indicates that American electric car manufacturer Tesla increased car deliveries by 40% in 2019 compared to 2018. Tesla delivered a total of 367,200 vehicles worldwide compared to 2018’s 244,920 cars.
Tesla's Driving Force - Model 3
In 2019, Tesla had a set a target of delivering between 360,000 to 400,000 cars. The California based firm has recently seen an increase in the demand for its vehicles. In 2017, Elon Musk-led company managed to sell 103,020.
According to the report:
“Generally, Tesla sold more cars in 2019 than it did in the previous two years combined."
The increasing demand for Tesla vehicles has been fuelled by the Model 3 Sedan. The least delivery for model three was in 2017 at 1,550 units. In 2018, 63,150 units of model 3 were delivered which account for an increase of 97.5%. Interestingly, in the fourth quarter of 2019 alone, Tesla delivered 92,550 Model 3 cars.
This figure puts Model 3 in 19th position in 2019 United States SUV sales at 161,100 units.
On the other hand, deliveries for Model X/S have been declining. The highest delivery was in 2017 at 2,8320 cars followed by 27,550 units in 2018. There was a significant drop in 2019 when only 19,450 units of Model X/S were sold.
Currently, Tesla holds 1.1% of the US automotive market share which is dominated by General Motors at 16.9%.
It is projected that by the end of 2020, Tesla will be delivering at least 500,000 cars annually based on the rising demand for electric cars.