Price Cuts Boost Tesla Revenue in Q1, Profit Slumps Compared to 2022
2 million vehicle deliveries are achievable in 2023 if the macroeconomic situation doesn’t worsen. Gross profit was down 17% YoY to $4.5 billion…
EV Sales in US up 54.5% YoY in 2022; Tesla Market Share at 50.5%
BEVs accounted for 80% of EV sales in the US in 2022. In 2022, Tesla captured over 50% of the US EV market. EV sales are expected to exceed 1.9…
Berlin Factory Takes Tesla to Top Spot in Europe EV Sales as Chinese Brands Gain Ground
EVs contributed over 29% of Europe’s total passenger vehicle sales in Q4 2022. Chinese EV brands sold nearly 58,000 units in Europe during 2022.…
Global Electric Vehicle Sales Crossed 10 Million in 2022; Q4 Sales up 53% YoY
EV sales during 2022 were over 10.2 million units, a 65% YoY growth. 7 out of the top 10 EV models were from Chinese brands in Q4 2022. EV sales are…
Tesla Reports Record Revenue, Deliveries in Q4 2022
Tesla’s total revenue stood at $24.3 billion in Q4 2022 with 37% YoY growth. Tesla deployed 2.46 GWh of energy storage during Q4, a growth of almost…
BYD Widens Gap with Tesla in Q3 2022, Leads Global EV Market
Three of the top five best-selling EV brands in Q3 2022 were from China. The top 10 EV models accounted for more than 35% of global EV sales. EVs…
Tesla’s stellar Q3 performance
Tesla delivered nearly 343,900 vehicles during Q3 2022, an increase of 42.4% YoY Logistics remains a major bottleneck for Tesla deliveries Tesla can…
Global EV Sales up 61% in Q2 2022; BYD Leads Market
Global passenger electric vehicle (EV) sales* reached 2.18 million units in Q2 2022. BYD Auto overtook Tesla to become the top-selling EV brand…
China Cloud on Tesla’s Q2 2022 Numbers; Fundamentals Remain Strong
Tesla sold more than 254,000 vehicles in Q2 2022, an increase of 27% YoY, which was below general expectations. This was the first time since the…
Global EV Shipments Up 79% YoY in Q1 2022; Tesla Remains Leader
In Q1 2022, global electric passenger vehicle (EV) shipments exceeded 1.95 million units. Passenger battery electric vehicle (BEV) shipments grew…
Tesla Reports Record Revenue in Q1 2022; Rising Raw Material Cost a Challenge
Tesla vehicle deliveries crossed 310,000 units in Q1 2022, a YoY increase of 68%. Revenue reached a record high of $18.8 billion during the……
NIO Registers Nominal Growth in Q4 2021
NIO is a leader in China’s smart electric vehicle (EV) market. After starting its business in 2014, NIO delivered its first model, the ES8, in…
Ukraine Crisis Derails Automotive Recovery
The potholes on the road to post-covid recovery for the global automotive sector seem never-ending. The back-to-back waves of COVID-19, followed by…
Stellantis Bets Big with €30-billion Investment Plan for EV Business
Stellantis, formed in 2021 after the merger of Italian American automaker Fiat Chrysler and France’s PSA, unveiled its electrification plans on July…