Tesla's Share Of The U.S. Luxury Car Market Is More Than Twice That Of Its Closest Competitor

Chowdhry's claims of "phenomenal execution" was confirmed by a Bloomberg report, which reported that Tesla's 59 percent year-over-year increase in sales helped boost its "already sizable" market share lead among large luxury cars.

Bloomberg, citing internal third-quarter sales numbers, which Tesla usually keeps confidential and competitor data compiled by the company, shows that the electric auto maker now accounts for almost a third of all sales in the luxury sedan segment.

Related Link: Tesla Displayed 'Phenomenal Execution' On All Fronts

Tesla's Model S sedan accounts for 32 percent of the U.S. large luxury sedan market. The Mercedes-Benz S-Class sedan ranks second with a 17 percent market share, following by BMW's 7-Series sedan with a 13 percent market share.

Mercedes-Benz also holds the fourth spot as its CLS-Class sedan holds a 7 percent market share.

Bloomberg did however caution that there "will always be debate about what constitutes a 'large' versus a 'midsize' sedan or what differentiates a 'sedan' from a 'coupe.' The figures [represent] the classifications provided by Tesla."

Bloomberg added that Tesla estimates its new Model X SUV accounts for a 6 percent market share in the luxury SUV segment. Tesla's data even suggested that the SUV outsold Porches and Land Rovers but trailed SUV models sold by Mercedes, BMW, Cadillac, Volvo, Audi and Lexus.

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