TSXV:FCO.H - Post by User
Post by
notmuchmoreon Oct 17, 2016 9:07am
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Post# 25350370
Tesla selling lots of luxury cars in US
Tesla selling lots of luxury cars in USTesla Motors Co. is facing some serious challenges keeping up with its ever-expanding ambitions, but one thing is certain: It's selling a lot of luxury cars. Bloomberg News reported that the California-based maker of upscale electric cars sold 9,156 Model S sedans in the U.S. in the third quarter, 59 percent more than a year earlier. That's about a third of sales of high-end luxury vehicles in the country, Tesla said. In the luxury SUV market, Tesla's new Model X sold 5,428 U.S. cars for a 6 percent market share in the third quarter. That's its highest mark yet after production issues plagued the rollout of the vehicle earlier this year. The Model X outsold Porsches and Land Rovers but trailed seven SUV models made by Mercedes, BMW, Cadillac, Volvo, Audi, and Lexus. https://www.arkansasonline.com/news/2016/oct/17/business-news-in-brief-20161017/?f=business