Tesla’s Model 3 Climbs The Ranks For Best Selling American Car
Tesla’s Model 3 has become one of the best-selling cars in America, amid falling stock prices and legal backlash against CEO Elon Musk.
September saw the Model 3 become the fourth best-selling sedan in the U.S. overall, only being surpassed by the Toyota Camry, the Honda Accord, and the Honda Civic — all foreign-made models — according to estimates by InsideEVs. As usual, SUVs crowded the American automobile market, but the Model 3 still managed to be the 13th overall best-selling automobile in September.
Tesla stock has, however, fallen $10 billion in a week, Bloomberg reported Monday.
Tesla’s third quarter production numbers for 2018 set records at the company, putting it on track with U.S. auto manufacturers for the first time in the company’s history. Tesla, however, continues to face difficulties delivering cars to customers. (RELATED: Research Firm: Tesla Cars Just As Dirty As Petrol And Diesel)
Still, this quarter is an improvement over the last, when Tesla just barely met its goals from the beginning of the year.
That’s not to mention controversy surrounding Musk. The CEO, for example, floated taking Tesla private on Twitter, which ultimately led to Musk settling a lawsuit with the Securities and Exchange Commission, costing him his chairmanship.
He later lampooned the agency on Twitter, calling it the “Shortseller Enrichment Commission” on Oct. 4.
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