News
Tesla Model 3 tops Cars.com’s ‘American Made’ Index, first time an EV conquers the list
The Tesla Model 3 has captured Cars.com’s “American-Made” Index, a monumental achievement for the automaker’s mass-market sedan. Not only is the recognition a huge feather in the cap for Tesla, but also for the electric vehicle movement as it is the first time an EV has topped the list.
Since 2005, Cars.com has compiled a list qualifying all vehicles built and bought in the U.S. This year’s study ranked 90 vehicles through five categories of major criteria: assembly location, parts content, engine origins, transmission origins, and U.S. manufacturing workforce. For the first time in the 16-year history of the Index, Tesla has topped the list, also becoming the first all-electric car to capture the top spot from vehicles like the Ford Mustang, Chevrolet Corvette, and Jeep Cherokee, three long-standing vehicles that have been included in the Index’s past rankings.
The Model 3 topped the 2021 list after coming in fourth just a year ago, being recognized as the most “American-Made” vehicle for the first time in its nearly four-year stay in the U.S. automotive market. First being delivered in mid-2017, the Model 3 was Tesla’s first mass-market sedan and was arguably the catalyst to the American EV sector. After the Model 3 was released by Tesla, it proved that EVs could be affordable, and they could begin displacing the overwhelming majority of gas-powered engines that dominated U.S. roads. Since then, the Model 3 has made a tremendous dent in the ICE market, especially in the sedan body style. The Model 3 was the 16th best-selling car in the world, according to a May 2021 report from Forbes.
The key to Tesla’s overwhelmingly domestic production process of its vehicles starts with the company’s focus on vertical integration. Tesla CEO Elon Musk has commented on the company’s focus on this in the past, highlighting the automaker’s general strategy of creating its own machinery to design things. To Musk, this could be one of the company’s biggest advantages over competitors due to Tesla’s ability to not depend on manufacturers to provide parts. Instead, Tesla can basically build a car from the ground up using what it has in-house, to an extent. Of course, the company still utilizes suppliers for things like tires and glass, but the bulk of the car is produced by Tesla.
Elon Musk gives a rare look into the Model 3 production line. [Credit: CBS This Morning/YouTube]
“Tesla is absolutely vertically integrated compared to other auto companies or basically most any company,” Musk said during the Q3 2020 Earnings Call. “We have a massive amount of internal manufacturing technology that we built ourselves. We literally make the machine. In fact, we design it — so like, OK, what are the things we want to make, design a machine that will make that thing, then we make the machine. This is what — this makes it quite difficult to copy Tesla, which we’re not actually all that opposed to people copying us, but it’s quite difficult because you can’t do catalog engineering. You can’t just pick up the supplier catalog, I’ll get one of those machines, one of that machine; bingo, I’m now Tesla. You have to — there is no catalog,” he continued.
This has also led to its understanding of its product to depths that many other automotive manufacturers simply cannot match. Tesla’s in-house Insurance program also receives dividends from the company’s vertical integration because the cars are made up of so many company-produced parts. This allows for a greater understanding of the product.
Amazingly, the Model 3 was not the only Tesla vehicle on the list, and in fact, it wasn’t the only Tesla in the top 3. The Model Y made its debut on the list, coming in at #3. This is not much of a surprise as the Model 3 and Model Y share a very similar design, and some have indicated that the two vehicles share 75% of the same parts. This makes the Model Y a no-brainer for this list, only being bested by the Model 3 and the Ford Mustang.
The full “American-Made” Index from Cars.com can be viewed here.
Ferrari’s first electric vehicle, the Luce, is fully sold out for 2027, according to CEO Benedetto Vigna.
Presenting third-quarter results, he stated: “Everything we plan to sell next year is already fully allocated. Client test drives, scheduled for next year, will help further boost demand. We have no critical issues, neither on manufacturing nor on the demand side. Obviously, the car is more complex because it has many new parts and many new technologies.”
First customer deliveries are expected before the end of 2026, with the model already commanding waitlists despite a turbulent debut.
The Luce is a five-seat, four-door liftback saloon—the longest Ferrari ever produced—powered by four electric motors producing approximately 1,035 horsepower.
It features an 800-volt architecture, a 122-kWh battery, a claimed WLTP range of around 329 miles, 0-62 mph acceleration in 2.5 seconds, and a starting price near €550,000 in Europe (roughly $560,800–$615,000 in the U.S. depending on configuration).
Developed in collaboration with Jony Ive and Marc Newson’s LoveFrom studio alongside Ferrari’s own Centro Stile, it represents a deliberate departure from the brand’s traditional mid-engine sports cars toward a more spacious, grand-touring format.
Its exterior has proven deeply polarizing. Unveiled in Rome in May 2026, the design features smooth, sweeping surfaces, a large glass roof, and restrained detailing that critics described as bland, generic, or more reminiscent of an Apple product or mass-market EV than a Ferrari.
Ferrari unveils its Luce EV, and its reception has been a disaster
Online reactions included memes comparing it to a Nissan Leaf or Polestar, while former Ferrari chairman Luca di Montezemolo publicly warned of “the destruction of a myth” and suggested the prancing horse logo be removed. Italian politicians and longtime owners joined the chorus of disappointment, and Ferrari’s shares dropped roughly 8% in a single day, erasing billions in market value.
Design experts noted the absence of the brand’s signature tension, aggression, and emotional drama.
Yet the controversy has not translated into weak demand among the ultra-wealthy clientele who actually buy Ferraris. Production volumes remain tightly limited, as reports suggest fewer than 500 units in the current year and a longer-term pace of roughly 600 annually through 2030, preserving exclusivity.
One early chassis sold for $40 million at auction. Vigna has indicated that seeing the car in person, along with upcoming client test drives, is expected to strengthen rather than weaken interest. Ferrari aims for fully electric models to comprise 20 percent of its lineup by 2030, with a second EV now delayed to 2028.
For a brand defined by scarcity and desirability, the Luce’s sell-out status suggests that among those who can afford it, the polarizing design has not proven to be a commercial liability.
Tesla and SpaceX shares fell on Wednesday after Democrats swept both chambers of Congress. The decline stood out as broader market securities recovered and turned positive, while both of Musk’s publicly traded companies lagged.
CEO Elon Musk already joked about the unsuccessful campaigning for the Republicans, but now the new party will make pretty drastic changes to how it handles Tesla and SpaceX, and those companies will adjust their outlook.
Let’s take a deeper look.
Tesla ($TSLA)
Tesla shares traded lower during the regular session after Democrats secured both the House and Senate. The stock was down 2.32 percent at around 1:45 p.m. on the East Coast, trading at around $389.30.
The pressure is tied to more than the raw scale of Musk’s political spending, estimated at $450–474 million this cycle with roughly $224 million directed at Texas. In that state, Tesla now faces a Democratic governor and a Democratic senator after Gina Hinojosa unseated Greg Abbott and James Talarico defeated Ken Paxton.
The Austin Gigafactory, Robotaxi pilot programs in multiple Texas cities, and any related AI compute expansion sit under a new state executive who campaigned against certain corporate subsidies and floated a moratorium on new data-center construction.
Federally, Democratic control of key committees opens the door to deeper examination of Tesla’s autonomous-driving safety record, federal energy-storage and manufacturing incentives, and the national-security implications of any combination with SpaceX.
Investors are also weighing whether the company’s historically close alignment with the prior Republican leadership will invite slower permitting, additional hearings, or tighter rules on Full Self-Driving deployment.
For Tesla, the political shift adds near-term friction around state permitting and federal regulatory approvals for autonomy and energy storage. A potential merger with SpaceX may face slower review even if it proceeds.
Core growth drivers such as vehicle deliveries, energy deployments, and robotaxi rollout remain intact, yet the stock now carries a higher political-risk premium that could weigh on valuation until the company demonstrates workable relationships with the new Texas leadership and congressional majorities.
SpaceX ($SPCX)
SpaceX shares also declined in live trading on November 4 following the Democratic midterm sweep. The stock traded at $134.97, down 4.49 percent. The drop occurred even as broader indexes stabilized, highlighting a company-specific reaction to the election outcome.
Musk’s large contributions, concentrated in Texas races that both companies lost, place SpaceX’s Starbase launch facility and headquarters under a new Democratic governor.
At the federal level, Democratic control of Congress enables greater scrutiny of NASA, the Department of Defense, and other contracts that support a meaningful share of revenue, along with reviews of Starlink national-security uses and any Tesla merger. Analysts have noted that empowered committees can hold hearings and request documents on these relationships.
For SpaceX, the results raise the risk of delayed contract awards, higher compliance costs, and tighter constraints on AI and satellite infrastructure expansion, particularly in Texas where a data-center moratorium has been discussed.
A merger with Tesla could encounter political friction that slows integration of launch, connectivity, and autonomy capabilities.
While Starlink growth and launch cadence continue as primary drivers, the company faces a more contested path for federal funding and state-level operations, requiring management to rebuild ties with the new congressional majorities and Texas leadership to limit the overhang.
Tesla’s new vehicle registrations in Germany rose sharply in October, nearly quadrupling from the same month a year earlier. That’s according to data from the KBA, Germany’s federal motor transport authority.
The KBA reported 2,932 Tesla vehicles registered in October, a 290.9 percent year-over-year- increase. For the first ten months of the year, Tesla’s cumulative registrations reached 47,742 units. This number is up 206.1 percent compared with the January-October period of 2025. These gains occurred against a backdrop of strong overall growth in the BEV sector as a whole.
Germany registered 94,086 new BEVs in October, a 79.5 percent rise that brought the BEV share of the passenger car market to 37 percent of the 254,492 total cars registered that month.
🇩🇪 Tesla’s new registrations in Germany nearly quadrupled in October, according to KBA data.
October: 2,932 units, +290.9% YoY Jan–Oct: 47,742 units, +206.1%
Germany’s overall BEV market grew 79.5% to 94,086 units last month. https://t.co/GMwNqsFAOC
— TESLARATI (@Teslarati) November 4, 2026
Despite the percentage surge, Tesla’s absolute numbers left it with a 1.2 percent share of all new car registrations for October. Chinese competitors did record higher volumes, as BYD registered 5,173 vehicles, a 2 percent share, Leapmotor with 3,661 cars, which equates to 1.4 percent, and Xpeng had a 0.5 percent share.
Year-to-date through October, BYD edged ahead of Tesla with 47,961 registrations versus Tesla’s 47,742.
The October results follow a notably strong September for Tesla in Germany, when it registered 12,552 vehicles, an increase of roughly 269 percent year-over-year and one of its strongest monthly totals on record in the country. That month, the Model Y led all EVs and ranked among the top-selling vehicles of any powertrain.
The figures form part of a broader recovery in Tesla’s European registrations after an extended period of softer demand. While monthly volumes remain subject to typical quarter-end patterns and competitive pressure from both established European brands and rapidly expanding Chinese manufacturers, the year-to-date growth indicates improved traction in Europe’s largest car market.
Tesla’s Gigafactory Berlin-Brandenburg continues to supply the region, positioning the company to capture a share of the expanding German BEV market as overall EV adoptions looks to be accelerating.
Ferrari Luce sold out for 2027 after design controversy
Musk’s Tesla and SpaceX decline after Democratic Midterm sweep
