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Tesla Model 3 Beats BMW, Merc in CA Q1 Sales

Tesla Inc.’s (TSLA) Model 3 car was the best-selling car in the overall mid-size premium sedan segment during the first quarter based on the number of new registrations, reports the premier clean energy auto ܫportal . It beat both Mercedes C-C🌱lass and BMW 3-Series that grabbed the second and the third spots, respectively.

Model 3 Grabs Top Spot in Q1 Sales

As per the data available from the California New Car Dealers Association (CNCDA), a total of 3,723 units of M♋odel 3 cars were registered during the first three months of this year. It helped Tesla command a 14.3 percent share of the total number of vehicles registered in the mid-size premium sedan segment. Model 3 was followed by Mercedes C-Class which sold 3,323 cars and had a share of 12.7 percent, while the third-ranked BMW 3-Series sold 3,260 with a share of 12.5 percent. Lexus ES and Infiniti Q50 were the next two entries at ranks four and five, respectively.

Earlier this month, the company claimed that Model 3 will become will soon become the best-selling mid-🌃size premium sedan in the U.S.ཧ – electric or not. While the first quarter financial figures were disappointing for Tesla, the company claims that Model 3 is “already on the cusp of becoming the best-selling mid-sized premium sedan in the US.”

The high sales figures are remarkable as the company faced stiff production challenges during the first quarter. With recent news that many of those worries have been taken care of and Tesla is all set to bump up the car production to 3,500 units per week, it could lead to peak sales across the nation. (See also, 澳洲幸运5开奖号码历史查询:Model 3 Production at 500 Cars/Da💛y: Musk Email.)

Over the weekend, CEO Elon Musk revealed the Model 3's upgraded specs and new features through a series of tweets. (For more, see 澳洲幸运5开奖号码历史查询:Musk Reveals a Model 3 'Quicker than BMW'.)

Overall, Tesla also took the first spot for the fastest growing vehicle maker in California based on registrations. The company commanded a significant increase of 58.6 percent, ahead of Volvo and Chrysler (31.5 percent e𝕴ach).

Around the same time last year, Tesla’s Model S achieved a similar feat to become the biggest selling car in the U.S. in the large premium sedan segment, as it outsold the Mercedes S-Class, the Porsche Panamera, and BMW's 6/7 Series combined during the first quarter of last year.

Tesla stock was trading at a✅ price of $273.30 during pre-market hours on Wednesday morning.

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