Tesla Vs GM Vs Rivian: Who Gained The Most Market Share In Q1?

Benzinga2023-03-28

Tesla Inc gained the most market share in the U.S. in the first quarter of 2023 despite General Motors Co taking the sales lead.

What Happened: Tesla gained the most market share in the first quarter of 2023 in the U.S., according to new data from Cox Automotive.

Tesla had a market share of 5.1% in the first quarter as opposed to 3.8% in the calendar year 2022, an increase of nearly 1.4%.

Nissan-Mitsubishi seconded Tesla, gaining 0.7% more market share in the first quarter.

General Motors sold the most vehicles in the first quarter — 587,020 units — but gained only 0.4% market share from 2022.

Tesla, in the meantime, sold 180,993 vehicles in the first quarter, an increase of 39.5% from a year earlier.

The Elon Musk-led company has been ramping up manufacturing at its Berlin gigafactory, reducing its dependence on made-in-China vehicles for European customers.

Its Cybertruck is also the most hotly anticipated EV this year.

Rivian Automotive Inc marked a 563.8% jump in sales, with 8,145 vehicles sold in the quarter, compared with 1,227 units sold a year earlier. Lucid Motors sales rose over 192% to 1,344 in the same period.

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Comments

kong1509
2023-03-29
kong1509
Ok
Rainbow99
2023-03-28
Rainbow99
Interesting!
来人
2023-03-28
来人
Ok
Chris Tan
2023-03-28
Chris Tan
Still go for China EV companies for medium tolong term investment 😊

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