The Value of Auto Imports and Exports by Country, courtesy of ZapEVs
The numbers from Tesla’s Q2 are in, and they’re pretty astounding considering the state of the auto industry today.
According to a compilation of auto sales data from ZapEVs, Tesla sold a whopping 35.4% of all U.S. Auto Exports in Q2 2020.
The electric vehicle giant also sold 90,891 vehicles total, with an estimated 29,684 made in China, and an estimated 36,800 made and sold in the US.
This leaves roughly 24,407 Tesla cars produced in the US and exported elsewhere in the world. Out of the 68,900 vehicles exported by the US auto industry total, this figure means Tesla’s exports made up 35.4%, or over one-third, of the entire US Auto exported market in Q2.
tsla
Looking at Q2, Tesla (NASDAQ:TSLA) earned $327.00 million, a 15.55% increase from the preceding quarter. Tesla also posted a total of $6.04 billion in sales, a 0.85% increase since Q1. Tesla earned $283.00 million, and sales totaled $5.99 billion in Q1.
— Stratoakmond (@stratoakmond) September 15, 2020
While the US has been running a major trade deficit with major imports primarily coming from Mexico and Canada, among others, Tesla’s exports seem to be changing that.
Other countries like Germany and Japan do run major auto deficits, but the US isn’t traditionally known for exporting a lot and importing a little – much of the modern consumer market in the US is concerned with domestic manufacturing. So why the deficit?
Regardless, as Tesla places plants in Shanghai, Berlin, and a few around the US, these figures will begin to take a different shape, and sustainable transportation will start to become more of a reality.
