GM has sold 20,070 Bolts so far this year. November was the ninth month in a row of rising sales, as it should be for a brand-new vehicle line. The Bolt became the best-selling EV in October and retained that crown in November. By September, 2,632 Bolts were sold in the US in October 2,781 and in November 2,987.
By August 2017, the Bolt was available in all states. The Chevy Bolt faces no “production bottlenecks” and no “manufacturing hell.” It was rolled out gradually, starting in October 2016 in California and Oregon, with other states being added to the distribution plan over time. Six: The unglamorous Model-3-killer is number one. It took the Model S and the Model X combined to beat the humble Bolt. Tesla is also estimated to have delivered 1,875 Model X SUVs in the US. This was far outpaced by the humble Model-3-killer the Chevy Bolt. Inside EVs estimates that Tesla delivered 1,335 Model S in the US. Because there is still no mass-produced Model 3.įive: The bestselling Model S isn’t best-selling anymore. We got 345.Įven if the estimate of 345 is off by 100 units up or down, it doesn’t even matter. OK, this is November and not December, so maybe 4,000 a week for a total of 16,000. 5,000 vehicles per week would mean over 20,000 a month. November is solidly in the fourth quarter. Our Model 3 program is on track to start limited vehicle production in July and to steadily ramp production to exceed 5,000 vehicles per week at some point in the fourth quarter and 10,000 vehicles per week at some point in 2018. In February 2017, Tesla hyped these Model 3 production numbers for 2017:
Inside EVs estimates that Tesla delivered a whopping 345 units in November.įour: This is where hype goes to die. In November, the assembly line still wasn’t assembling cars. In October, it delivered about 145 handmade units. In Q3, Tesla delivered 220 handmade Model 3’s. “Manufacturing bottlenecks,” as Tesla calls it, and “manufacturing hell,” as Elon Musk calls it, rule the day. Three: So how are Model 3 sales doing? Since Tesla doesn’t disclose its monthly deliveries in the US, the industry is guessing. Tesla discloses unit sales data in its quarterly earnings reports, long after everyone has already forgotten about the months in which they occurred. So the industry is estimating Tesla’s monthly US sales. Opaque and dedicated to hype, it refuses to disclose how many vehicles it delivered that month in the US. It wants to play with the big boys, but it doesn’t want people to know on a monthly basis just how crummy and by comparison inconsequential its US sales numbers are. Two: Tesla doesn’t report monthly deliveries. Porsche outsold Tesla by 55% (5,555 new vehicles). One: 3,590 vehicles amounts to a market share of only 0.26%, of the 1,393,010 new cars and trucks sold in the US in November. There are all kinds of interesting aspects about this. It’s not far behind GM ($61 billion).īut Tesla – which lost $619 million in Q3 – delivered only 3,590 vehicles in November in the US, down 18% from a year ago. This masterful hype has created a giant market capitalization of about $52 billion, more than most automakers, including Ford ($50 billion). The Wall Street hype machine backs it up, dousing it with billions of dollars on a regular basis to burn through as fast as it can. Tesla isn’t quite out there by itself, though. Yet Tesla has to buy the battery cells from battery makers, such as Panasonic. EVs have been around since the 1800s, but given the challenges that batteries posed, they simply didn’t catch on until Tesla made EVs cool. Tesla is out there by itself.Īnd Tesla has put electric vehicles on the map. Porsche AG is owned by Volkswagen AG, which is itself majority-owned by Porsche Automobil Holding SE. As always, there were winners and losers.įirst things first: There is nothing wrong with a tiny automaker trying to design, make, and sell cool but expensive cars that a few thousand Americans might buy every month, and trying to do so on a battleground dominated by giants. Strong replacement demand from the hurricane-affected areas in Texas papered over weaknesses elsewhere. Sales of trucks – which include SUVs, crossovers, pickups, and vans – rose 6.6%. Total sales in November rose 1.3% from a year ago to 1,397,856 new vehicles, according to Autodata, which tracks these sales as they’re reported by the automakers.
These are unit sales, not dollar sales, and they’re religiously followed by the industry. They reported the number of new vehicles that their dealers delivered to their customers and that the automakers delivered directly to large fleet customers. Today was the monthly moment of truth for automakers in the US.
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