Tesla Model 3 registrations zip past rivals in California
Reuters
Published May 23, 2018 13:14
Tesla Model 3 registrations zip past rivals in California
(Reuters) - Tesla Inc's (O:TSLA) Model 3 sedan recorded more registrations in California than its class rivals BMW 3-Series and Mercedes C-Class in the first quarter, according to a report by the California New Car Dealers Association (CNCDA).
Model 3 registrations totalled 3,723, or 14.3 percent of the near-luxury segment, compared with 3,323 for the Mercedes variant and 3,260 for the BMW model, the CNCDA report https://www.cncda.org/wp-content/uploads/California-Covering-1Q-2018.pdf said.
Tesla started delivering the Model 3 to customers in December 2017.
California is a key market for global luxury vehicle brands not just because of its size, but because other markets often follow trends set by wealthy consumers in the state.
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Written By: Reuters
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