Market Overview

Tesla Model 3 Was China's Best Selling EV In July

Share:
Tesla Model 3 Was China's Best Selling EV In July

The Tesla Inc (NASDAQ: TSLA) Model 3 is currently the most popular EV in the world. With a lower starting price and higher range than most of the competition, it's easy to see why.

Tesla is continuing its domination in China with the Model 3, selling 11,014 made in China Tesla Model 3 vehicles, making it the best selling electric vehicle in China for the month of July. Tesla was also the best selling electric brand overall, with 12,571 vehicles sold.

Benzinga's Take: Tesla's China data continues to impress. Vehicle sales are steady and increasing, while local competitors are falling behind. Tesla is currently building two new gigafactories, one in Austin, Texas, and one in Berlin, Germany.

Photo courtesy of Tesla.

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: China electric vehicles EVs Model 3News Retail Sales Best of Benzinga