FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 27 September 2017

Tesla Dominates The U.S. Electric Vehicle Market


-- this post authored by Niall McCarthy

Tesla is hoping to raise $1.8 billion by selling "junk" bonds to private investors to fund production of its new mass market Model 3.

Please share this article - Go to very top of page, right hand side, for social media buttons.

Moody's believes the launch of the new car poses "considerable" credit risk for the company and has warned it could make or break Tesla. It also warned that a steep increase in production coupled with competition from General Motors and possible new players like Apple could leave it facing large cash requirements in 2018.

Even though Tesla has a policy of not breaking its sales down by market, Moody's data published by CNBC shows that there is strong demand for its cars in the United States. In fact, it dominates its home market with both the Model S and X accounting for 45 percent of U.S. EV sales in the first six months of the year.

The outcome of Tesla's gamble on the Model 3 is probably more dependent on the U.S. appetite for electric cars in general rather than hot competition in the EV market. Next year, Tesla wants to build 500,000 Model 3s and sell them in a market where a total of 85,000 electric cars were sold in 2016. Moody's has predicted sales will hit 300,000 and said that such an outcome "would be an indication of both the market's acceptance of the Model 3 and Tesla's ability to produce it efficiently". 2018 will be a big year for Tesla and the American EV market in general.

Infographic: Tesla Dominates The U.S. Electric Vehicle Market | Statista You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Econintersect Contributors

Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved