Tesla: Model 3 was last month in US car

Oct

25

2018

Tesla: Model 3 was last month in US car that generated most sales
Model 3 was, according to Tesla, the first-best car sold in the United States for the first time in the third quarter. In terms of absolute sales, the Model 3 came out on place five.

In an explanation of the quarterly figures , Tesla reports that the company sees the quarter as a ‘historical quarter’. The company recorded no loss for the first time in two years, but a net profit of 312 million dollars. The company says it is working hard to lower the price for a Model 3 to $ 35,000 each; that goal should be achieved within six months.

Tesla reports that an average number of 4300 Model 3’s per week was produced in the third quarter. That is still behind a previously set target of 5000 per week, but according to the manufacturer, 5300 copies of the relatively cheap Tesla model were produced during the last week of the quarter. In the end, 56,065 copies of the Model 3 were delivered to customers in the third quarter. The model will also be coming to Europe early next year.

The profit of 312 million dollars is a considerable improvement on the result in the same quarter a year ago. Then the company suffered a loss of 619 million dollars. The turnover amounted to 6.8 billion dollars, while in the same quarter of 2017 it still amounted to 2.98 billion dollars.

Director Elon Musk expressed the expectation that the company will also make a profit during the coming fourth quarter. The question is whether the company can actually continue to make profits for a longer period, because part of the good quarterly figures according to The New York Times is due to cost savings, less investment in future models, delaying payments to suppliers and hastily selling from as many cars as possible.

Musk, who stepped down as CEO of Tesla but remains as CEO, also indicated at the presentation of the quarterly figures that he had approved the production of a new model. This concerns the Model Y, a crossover suv, which is planned to appear sometime in 2020. Tesla also has the Semi-truck and the Roadster sports car in development and there may also be a pick-up truck.

Tesla Model Y

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