At Tesla’s 2021 shareholder annual meeting of stockholders on Thursday, CEO Elon Musk announced the company’s Model 3 electric sedan is now the world’s best-selling premium vehicle.
A chart from Tesla’s slide deck shows the Model 3 going from zero to number one in less than four years. “The best-selling premium vehicle globally is an EV,” explained Tesla.
The chart shows Model 3 sales topped the BMW 3 Series, Mercedes C-Class and E-Class, Audi A4 and Q5 and A6.
“I almost got arrested at one point for claiming that we’d do 5,000 a week, literally. Haha…who’s laughing now,” said Musk.
Musk believes the Model Y will become the best-selling vehicle next year in terms of revenue, and eventually best-selling vehicle of any kind numerically in 2023.
The feat of the Model Y will be thanks to Tesla’s factories in Fremont and Shanghai being joined by Texas and Berlin-Brandenburg, with the latter two expected to start production later this year.
Some Tesla owners are suddenly seeing a much lower price for Full Self-Driving (Supervised), with subscriptions dropping to $49 per month instead of the usual $99. The discounted rate appears to be targeted specifically at drivers who previously paid for Enhanced Autopilot (EAP), giving them a new incentive to finally step up to Tesla’s most […]
Tesla is expanding its footprint in Northern California, snapping up a sizable new research-and-development space just steps away from one of its most important manufacturing hubs. According to a new report from the Silicon Valley Business Journal, Tesla has leased an entire 108,000-square-foot building near its Fremont factory, marking one of the largest R&D deals […]
Lemonade has officially launched its new Autonomous Car Insurance product, and for Tesla owners using Full Self-Driving, the savings could be substantial. As of today, Tesla drivers in Arizona can get 50% off their insurance cost for every mile driven with FSD (Supervised) engaged, marking one of the clearest financial incentives yet for using Tesla’s […]
