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Tesla sets a sales record: 241,300 vehicles in the quarter

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There is still no detailed report on sales of Tesla cars in the third quarter of this year, but there is the most important data: for three months, from July to September of this year, the company sold 241,300 vehicles. This record is even more impressive when you take into account the overall decline in market sales due to the shortage of chips.

For comparison, Tesla sold 367,500 electric vehicles for the whole of 2019. And now – 241,300 in just one quarter. And here is another comparison, with a company that produces “traditional” cars, that is, mainly with internal combustion engines. General Motors said Friday morning that it sold 446,997 vehicles in the third quarter, down 33% from the same period last year. At the same time, in terms of the scale of production, warehouse, human, dealer and other resources, GM with all its brands is not comparable to Tesla.

The reason for Tesla’s success in this volatile time lies precisely in its fairly simple structure, which quickly adapts to changing market conditions. When supply problems began, Tesla quickly switched to other manufacturers and literally rewrote the software on the fly so that the new chips worked the same as those that had been shipped before.

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Electric Cars

BMW to cease production of internal combustion engines at Munich plant by 2024

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BMW expects to end production of internal combustion engines at its main plant in Munich by 2024. This was announced yesterday by the head in charge of their release at a conference dedicated to the start of production of the electric i4 model.

According to Milan Nedeljkovic, the engines currently being produced in Munich will be produced at BMW plants in Austria and the UK, although cars with such engines will still be assembled at the Munich plant.

By 2023, at least half of the cars produced in Munich will be electrified. This concept includes both the number of battery electric vehicles and hybrids with the ability to charge from the mains. What’s more, BMW CEO Oliver Zipse recently said the company would be ready for any ban on combustion-powered cars starting in 2030.

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Electric Cars

Tesla Model 3 and Model Y have risen in price for the second time in a month, new buyers of the base Model 3 will receive their car only by September 2022

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Tesla had already raised the price of its best-selling Model 3 and Model Y in the United States a few weeks ago, and now the company is raising prices again. Once again, the most popular models suffer. The increase was $ 2,000, however, it did not affect all modifications.

Thus, the Model 3 Standard Range Plus has risen in price from 42,000 dollars to 44,000. Interestingly, Tesla also updated the data on the lead time for the base Model 3 – new buyers will receive their electric car only in September 2022. However, it is possible to reduce the waiting period by several months if you choose larger wheels instead of standard wheels. Then you can get a freshly ordered base Model 3 by June 2022.

Tesla Model Y Long Range Dual Motor has risen in price from $ 55,000 to $ 57,000. Here, with the fulfillment of new orders for the Long Range version, it is also not easy: new buyers will have to wait for the crossover until August next year.

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Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

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Tesla yesterday released its financial report for the third quarter of this year, which recorded revenues of $ 13.76 billion and net income of $ 1.62 billion. Against the backdrop of stagnation in the industry due to a lack of components, Tesla’s report looks very convincing, which immediately affected the value of shares – they went up.

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

Yes, the day Tesla shares added $ 10 in price and went beyond the psychological mark of $ 900. They have never been so expensive. As a result, Tesla’s market capitalization surpassed the $ 908 billion mark.

Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan combined

There is no other company in the automotive industry that has a comparable market value. By comparison, Toyota is in second place, with a market value of just under $ 240 billion. If we sum up the market capitalizations of the most famous automakers in the world, it turns out that Tesla is more expensive than Toyota, Volkswagen, Daimler, General Motors, Ford, BMW, Ferrari, Honda, Hyundai and Nissan – with all their brands.

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