Volkswagen and Tesla were among the European new car market’s biggest market share winners as registrations in the region rose by 14% during September, Jato Dynamics has reported.
Tesla’s Model 3 was singled out for special praise as it lined up alongside Mercedes-Benz’s B-Class and GLE-Class and Skoda’s Skala in achieving a five-star Euro NCAP safety rating.
Europe’s highest volume of May new car registrations since 2007 helped to maintain a degree of stability in the market last month – with a sales increase 0.2% across the month.
Tesla has continued in its bid to honour 325,000 global reservations of its Model 3 electric vehicle (EV) with the completing of a successful first day of deliveries to UK customers.
Car buyers interest in electric vehicles (EVs) peaked following disruptive protests by environmental activists Extinction Rebellion in London last month.
Many of us expected Q1 loses for Tesla last week, but I for one hadn’t anticipated such eye-wateringly bad figures. The firm lost over $700m in the first quarter of 2019, one of its worst quarterly results ever.
Tesla has halved the number of stores it plans to close as part of a cost-cutting drive which would help it fulfil a $35,000 (£26,975) price promise for its Model 3 EV saloon car.
Tesla continued to tease potential customers with the surprise launch of a new roadster, claiming that the new addition will be “fastest production car ever made” when launched in 2020.
Hitwise has reported results that online searches for Tesla Model 3 soared by 345% in July, making it the most talked about EV on the market.
Tesla has delivered the first batch of its entry-level Model 3s but the company is facing considerable production challenges to meet consumer demand.
Tesla has announced a bond sales which will attempt to raise £1.15 billion needed to fund the “rapid scaling” required to ramp-up production of its Model 3 EFV saloon.
Tesla boss Elon Musk has said the company will be put through "production hell" to ramp up Model 3 production to a volume goal of 500,000.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
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