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 had a set a target of delivering between 360,000 to 400,000 cars for 2019. 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.
“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.