Tesla will be America's best-selling luxury brand by far as its sales are on track to exceed BMW and Mercedes-Benz sales combined.
Tesla's decision to slash prices on all its models in the US in January has led to an explosion in sales in the first quarter this year.
The EV maker is on track to surpass a market share of 5 percent for the first time in the United States, according to a forecast fromTesla's US sales in Q1 2023 are expected to top 180,000, which would be a record quarter for the company in the US and would mark a gain of nearly 40 percent from Q1 2022. this quarter by far, with sales more than double that of BMW or Mercedes-Benz. Combined, the two German luxury brands will sell more than 162,000 vehicles, some 18,000 less than Tesla.
The 5.1-percent US market share would also place Tesla above mass-market automakers such as Mazda, Subaru, and even Volkswagen Group – including Audi, Bentley, Lamborghini, Porsche, and Volkswagen.The good news for Tesla doesn't end here. Its spectacular sales growth of 39.5 percent year-on-year to 180,993 vehicles is the highest anticipated for brands with sales of over 10,000 vehicles in Q1 2023.
Only Rivian and Lucid top Tesla's growth with 563.8 percent and 192.2 percent, respectively. In the case of the two EV startups, the growth can be explained by the fact they were in the early days of production in Q1 2022 and they are currently ramping up manufacturing.anticipating a 1.4-percent rise this quarter to 5.1 percent compared to Q1 2022 when it had a 3.8-percent share.
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