Tesla's Model 3 Dominates California's Alternative Powertrain Segment

According to a report issued by the California New Car Dealers Association (CNCDA), Tesla was the number one selling alternative powertrain brand in 2018, representing 29.3% of the total market share. That number includes hybrids, plug-in hybrids, and fuel cell vehicles. When the numbers are limited to battery electric-only vehicle sales, the Model 3 then claims 55% of sales – 51,300 of the total 92,447 sold in 2018. Impressively, the Model 3 sales numbers alone represent more cars sold than the entirety of EV sales in California for 2017 which represents part of an overall increase of about 81% of total EVs sold. CNCDA’s report is good news for the green vehicle industry as a whole and numerically demonstrates Tesla’s leadership in the arena.
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ColMosby - 3/6/2019 12:54:03 PM

+4 Boost

That was then, now Tesla can't find Model 3 buyers and has fled to Chia and Europe, where demand is not very good.

PUGPROUD - 3/6/2019 12:58:55 PM

+3 Boost

These market share numbers may be the pinnacle as Tesla retrenches and competitors start introducing alternative models. Tesla's largest institutional investor stated yesterday that they have no concerns if SEC required Musk to take a less active position or leave of the company. Sounds like money investors concerned that his behavior, price reductions and disbanding of dealerships are threatening to the stock price and are trying to get ahead of the curve. One analyst has pegged Tesla stock price at $192.

mre30 - 3/6/2019 10:40:56 PM

+1 Boost

As of today (3.6.19) Tesla's market cap is about $48 billion.

IMO, Tesla's true market cap is in the range of $20 to $30 billion. IMO it will fall by at least 1/2 to the $150/share to $200/share range. $192/share is being generous IMO.

MDarringer - 3/6/2019 9:15:57 PM

0 Boost

Alternative powertrain is a segment?

MDarringer - 3/7/2019 10:21:50 PM

0 Boost

GO VW GO

skytop - 3/7/2019 11:24:42 PM

0 Boost

Stupid liberals causing California to build an additional coal and oil fired electrical generational facility to handle the demand of car battery recharging.