Tesla Inc TSLA has been enjoying huge growth, with Q4 deliveries setting a new record and far surpassing Wall Street estimates. In light of the company's growth, one Tesla model is setting a high mark not just in the EV space, but for the auto industry as a whole.
As shared by Tesmanian, the Tesla Model 3 was the best-selling vehicle in Switzerland in 2021. Usually these titles are accompanied by best-selling electric vehicle, but this time, the Model 3 out sold every other vehicle in Switzerland, gas or electric.
The distinction comes despite the Model 3's still relatively high price point, especially compared to budget gas-powered cars. But while an ICE (internal combustion engine) vehicle may cost less up front, the more expensive fuel and maintenance costs can make even an expensive EV seem thrifty.
If Tesla releases its $25,000 mystery vehicle anytime soon and ramps up production, as it has with the Model 3 and Model Y, it could signal the final nail in the coffin of ICE vehicles.
Related Story: Tesla Can End Up Being The 'iPhone' Of The EV Industry And It's 'Show Me Year' For Ford, Rivian, Lucid: Gene Munster
Photo courtesy of Tesla
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
