Automobiles

Bloomberg News! Tesla Model S is the best-Selling US Luxury Sedan

Bloomberg News! Tesla Model S is the best-Selling US Luxury Sedan :- Tesla Motors Model S electric sedan in the third quarters increased by 59%  from last year to 9,156 units, the company confirmed to Autoblogtoday. The sales of the Model S sedan car are about 5% more than the previous third quarter estimate, since that was a guess based on Tesla’s disclosure of its global quarterly sales.

Bloomberg News which first reported the US sales figures, said that Tesla Model S was the best selling luxury sedan of the country in the third quarter and by a wide margin. Tesla confirmed that during the quarter, Tesla Motors also sold 5,428 Model X vehicles.

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The Model S car sales were almost double the sales figures for the No. 2 US luxury sedan – the Mercedes-Benz S-Class, and more than double the sales of the BMW 7-Series. During the quarter, no other model moved more than 2,000 units.

Model S sedan car accounted for almost a third of the country’s third-quarter large luxury sedan market, which also includes models from Maserati, Jaguar, Porsche, Audi, and Lexus.

Our prior estimates, which assumed that 55%  of Tesla’s global Model S sales are in North America, had Tesla selling 8,691 Model S vehicles during the third quarter.

Recently, CNBC cited an analyst note from Oppenheimer’s Colin Rusch that estimated that Tesla Motors may need to raise as much as $ 12.5 billion by the end of 2018 in order to stay financially solvent. In a tweet last week, the Chief of Tesla – Elon Musk refuted any notion that the company would need to raise additional cash by the end of the year.

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