25 Jun '18, 12am
Sales for full electric vehicles were up from January of last year based upon new product with the Model 3 leading the way. In fact, the Model 3, for the first time, leads the category which should continue going forward. However, sales in January were only 1,900 units (estimated), up from 1,050 in December. While that seems like a strong increase, volumes remain well below Tesla’s plans. If Tesla meets its announced production plan for the first quarter, it will be producing 2,500 a week by the end of March. Clearly, the January results are well below those plans and major progress will be necessary to meet the March goal and the June goal (5,000 a week). The Bolt crossed the 3,000 mark in December, but fell back significantly to under 1,200 units. While sales of electric vehicles generally drop in January, this drop is unusual and sales volumes in the next few months wil...