Trip Chowdhry of Global Equities Research said earlier this month that Tesla Motors Inc (NASDAQ: TSLA) displayed "phenomenal execution" when the company said it delivered 24,500
vehicles in the third quarter.
Chowdhry's claims of "phenomenal execution" was confirmed by a Bloomberg report, which reported
that Tesla's 59 percent year-over-year increase in sales helped boost its "already sizable" market share lead among large luxury
cars.
Bloomberg, citing internal third-quarter sales numbers, which Tesla usually keeps confidential and competitor data compiled by
the company, shows that the electric auto maker now accounts for almost a third of all sales in the luxury sedan segment.
Related Link: Tesla
Displayed 'Phenomenal Execution' On All Fronts
Tesla's Model S sedan accounts for 32 percent of the U.S. large luxury sedan market. The Mercedes-Benz S-Class sedan ranks
second with a 17 percent market share, following by BMW's 7-Series sedan with a 13 percent market share.
Mercedes-Benz also holds the fourth spot as its CLS-Class sedan holds a 7 percent market share.
Bloomberg did however caution that there "will always be debate about what constitutes a 'large' versus a 'midsize' sedan or
what differentiates a 'sedan' from a 'coupe.' The figures [represent] the classifications provided by Tesla."
Bloomberg added that Tesla estimates its new Model X SUV accounts for a 6 percent market share in the luxury SUV segment.
Tesla's data even suggested that the SUV outsold Porches and Land Rovers but trailed SUV models sold by Mercedes, BMW, Cadillac,
Volvo, Audi and Lexus.
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