Tesla Model 3 outsells Dodge Charger & Ford Mustang in the U.S.
Category: #business  By Mateen Dalal  Date: 2020-04-06
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Tesla Model 3 outsells Dodge Charger & Ford Mustang in the U.S.

The Tesla Model 3, a four-door electric sedan developed by Tesla, has reportedly outsold other top selling cars such as Dodge Charger and Ford Mustang in the United States. Other comparable vehicles to the new model are a class or 3 below the Model 3.

Dodge Charger and Ford Mustang significantly lack in nearly every department as compared to the Model 3; however, they are included in the category of sporty affordable cars. In the Q1 of 2020 in the U.S., the sales of the Model 3 were higher than the sales of these two cars combined, by over 2.5 times more sales than either the Charger or Mustang.

The Ford Mustang was one of the models that recorded an increase in sales by 7% from the first quarter of 2019 to the first quarter of 2020. On the other hand, the Dodge Charger sales witnessed a decline by 10%. A notable rise in the Model 3 sales has been reported recently, with 83% hike as compared to the Q1 of 2019. Tesla also had witnessed nearly 26,000 to 27,000 more sales of Model 3 than these muscle car models in Q1 of 2020. Additionally, the model recorded around 4,000 more sales as compared to the Mustang & 7,000 more sales as compared to the Charger in the first quarter of 2019.

Rising prevalence of the Model 3 can be attributed to its higher level of performance with a similar cost of ownership across several years. It is more technologically advanced, cleaner, safer, and quicker than other models. The model is expected to observe a rise in the sales gap after the implementation of Full Self Driving/Autopilot features as well as the completed development of the Tesla’s Gigafactory in Germany.

In order to sustain in the competitive landscape among EV manufacturers, Ford also has developed the Mustang Mach-E, an all-electric vehicle, with inherently strong advantages and electric powertrain appeal.

Source credit:

https://cleantechnica.com/2020/04/05/tesla-model-3-more-sales-than-dodge-charger-ford-mustang-combined/

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Chevrolet Camaro could be replaced by a potential all-electric sedan

Chevrolet Camaro could be replaced by a potential all-electric sedan

By Mateen Dalal

Reportedly, General Motors Company is planning to replace the Chevrolet Camaro with an all-electric performance sedan in a few years with the existing model likely to be phased out by 2024. There have many reports about discontinuing the Camaro&rsqu...

Sequoia India launches Spark Fellowship to support female entrepreneurs

Sequoia India launches Spark Fellowship to support female entrepreneurs

By Mateen Dalal

The Spark fellowship program is for women entrepreneurs in India and Southeast Asia. The year-long program is aimed at bringing more gender diversity and supporting startups led by women. Sequoia Capital has recently revealed the launch of a yea...

Biden names avid tech critic Jonathan Kanter as DOJ antitrust chief

Biden names avid tech critic Jonathan Kanter as DOJ antitrust chief

By Mateen Dalal

U.S. President Joe Biden will reportedly nominate Jonathan Kanter, a competition lawyer, and fervid Google critic, to head the antitrust division of the Justice Department. Kanter has been actively representing several companies in competition cases...