Connect with us

News

Tesla Model 3 maintains #1 spot in France after strong May performance

(Photo: Andres GE)

Published

on

The Tesla Model 3 maintained its spot as the best-selling electric vehicle in France in 2021 so far. Sparring with the likes of French companies Renault and Peugeot, Tesla has accumulated considerable momentum in the market, one that only provided the company with less than 6,500 registrations of its mass-market Model 3 in 2020.

Tesla dominated March in France and is the main contributor to the company’s success in the French sector in 2021. After registering 4,524 vehicles in the final month of the first quarter, nearly 3,000 more than the second-place Peugeot 208 EV, Tesla continues to make a name for itself in France, where domestic automakers have experienced more success than anyone. Moreover, because of the strong March sales figures, Tesla has maintained its #1 spot in the 2021 sales figures simply because of a few months of overperformance.

According to new figures from the EV Sales Blog, the mass-market sedan continued its strong performance in May, indicating an additional 2,111 Model 3s were registered last month. This figure was only eclipsed by the Renault Zoe, one of France and Europe’s most popular EVs in general. While this was the vehicle’s first time capturing the best-seller award in France in 2021, the Zoe has accumulated a Top 5 spot in European registration figures, also provided by the EV Sales Blog, through March. It has only been outsold by two battery electric vehicles (BEVs), Volkswagen’s ID.3 and ID.4.

Credit: EV Sales Blog

France continues to be a growing force in the world’s transition to electrification. In May, the share of plugin vehicles rose to 17%, with 8.2% of those being BEVs. For now, the growth in plugin vehicles in France is mainly attributed to Plug-in Hybrid Electric Vehicles (PHEVs). These powertrains dominated plugin registrations in May, accounting for 53% for the month.

For the year, the Model 3 still is the most popular electric vehicle in the country. So far, the Model 3 has accumulated 8,083 registrations, accounting for 8% of the market share, leading the Peugeot 3008 PHEV with 7,527 registrations, the Renault Zoe with 7,448 registrations, and the Peugeot 208 EV with 7,233 registrations.

Credit: EV Sales Blog

Evidence suggests that, in the coming months, Tesla could begin to turn the tables on the French powerhouses that have long controlled the EV market in France. With Tesla closing in on the initial production phases at Giga Berlin, which could begin as soon as late-Summer, according to Brandenburg Economic Minister Jörg Steinbach, the company is primed to begin stealing market share from many of the European-based companies that have established strong foundations on the continent. While Tesla has already established itself as a force in many European countries, the company is still exporting its vehicles from the Fremont factory in Northern California and Giga Shanghai in China to handle growing consumer demand in one of the most EV-supported areas on Earth.

What do you think? Let us know in the comments below, or be sure to email me at joey@teslarati.com or on Twitter @KlenderJoey.

Advertisement
-->

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Advertisement
Comments

News

Tesla Model Y configurations get hefty discounts and more in final sales push

Published

on

Credit: Tesla

Tesla Model Y configurations are getting hefty discounts and more benefits as the company is in the phase of its final sales push for the year.

Tesla is offering up to $1,500 off new Model Y Standard trims that are available in inventory in the United States. Additionally, Tesla is giving up to $2,000 off the Premium trims of the Model Y. There is also one free upgrade included, such as a paint color or interior color, at no additional charge.

Advertisement
-->

Tesla is hoping to bolster a relatively strong performance through the first three quarters of the year, with over 1.2 million cars delivered through the first three quarters.

This is about four percent under what the company reported through the same time period last year, as it was about 75,000 vehicles ahead in 2024.

However, Q3 was the company’s best quarterly performance of all time, and it surged because of the loss of the $7,500 EV tax credit, which was eliminated in September. The imminent removal of the credit led to many buyers flocking to Tesla showrooms to take advantage of the discount, which led to a strong quarter for the company.

2024 was the first year in the 2020s when Tesla did not experience a year-over-year delivery growth, as it saw a 1 percent slide from 2023. The previous years saw huge growth, with the biggest coming from 2020 to 2021, when Tesla had an 87 percent delivery growth.

This year, it is expected to be a second consecutive slide, with a drop of potentially 8 percent, if it manages to deliver 1.65 million cars, which is where Grok projects the automaker to end up.

Advertisement
-->

Tesla will likely return to its annual growth rate in the coming years, but the focus is becoming less about delivery figures and more about autonomy, a major contributor to the company’s valuation. As AI continues to become more refined, Tesla will apply these principles to its Full Self-Driving efforts, as well as the Optimus humanoid robot project.

Will Tesla thrive without the EV tax credit? Five reasons why they might

These discounts should help incentivize some buyers to pull the trigger on a vehicle before the year ends. It will also be interesting to see if the adjusted EV tax credit rules, which allowed deliveries to occur after the September 30 cutoff date, along with these discounts, will have a positive impact.

Continue Reading

News

Tesla FSD’s newest model is coming, and it sounds like ‘the last big piece of the puzzle’

“There’s a model that’s an order of magnitude larger that will be deployed in January or February 2026.”

Published

on

Credit: Tesla

Tesla Full Self-Driving’s newest model is coming very soon, and from what it sounds like, it could be “the last big piece of the puzzle,” as CEO Elon Musk said in late November.

During the xAI Hackathon on Tuesday, Musk was available for a Q&A session, where he revealed some details about Robotaxi and Tesla’s plans for removing Robotaxi Safety Monitors, and some information on a future FSD model.

While he said Full Self-Driving’s unsupervised capability is “pretty much solved,” and confirmed it will remove Safety Monitors in the next three weeks, questions about the company’s ability to give this FSD version to current owners came to mind.

Musk said a new FSD model is coming in about a month or two that will be an order-of-magnitude larger and will include more reasoning and reinforcement learning.

He said:

Advertisement
-->

“There’s a model that’s an order of magnitude larger that will be deployed in January or February 2026. We’re gonna add a lot of reasoning and RL (reinforcement learning). To get to serious scale, Tesla will probably need to build a giant chip fab. To have a few hundred gigawatts of AI chips per year, I don’t see that capability coming online fast enough, so we will probably have to build a fab.”

It rings back to late November when Musk said that v14.3 “is where the last big piece of the puzzle finally lands.”

Advertisement
-->

With the advancements made through Full Self-Driving v14 and v14.2, there seems to be a greater confidence in solving self-driving completely. Musk has also personally said that driver monitoring has been more relaxed, and looking at your phone won’t prompt as many alerts in the latest v14.2.1.

This is another indication that Tesla is getting closer to allowing people to take their eyes off the road completely.

Along with the Robotaxi program’s success, there is evidence that Tesla could be close to solving FSD. However, it is not perfect. We’ve had our own complaints with FSD, and although we feel it is the best ADAS on the market, it is not, in its current form, able to perform everything needed on roads.

But it is close.

That’s why there is some legitimate belief that Tesla could be releasing a version capable of no supervision in the coming months.

Advertisement
-->

All we can say is, we’ll see.

Continue Reading

Investor's Corner

SpaceX IPO is coming, CEO Elon Musk confirms

However, it appears Musk is ready for SpaceX to go public, as Ars Technica Senior Space Editor Eric Berger wrote an op-ed that indicated he thought SpaceX would go public soon. Musk replied, basically confirming it.

Published

on

elon musk side profile
Joel Kowsky, Public domain, via Wikimedia Commons

Elon Musk confirmed through a post on X that a SpaceX initial public offering (IPO) is on the way after hinting at it several times earlier this year.

It also comes one day after Bloomberg reported that SpaceX was aiming for a valuation of $1.5 trillion, adding that it wanted to raise $30 billion.

Musk has been transparent for most of the year that he wanted to try to figure out a way to get Tesla shareholders to invest in SpaceX, giving them access to the stock.

He has also recognized the issues of having a public stock, like litigation exposure, quarterly reporting pressures, and other inconveniences.

However, it appears Musk is ready for SpaceX to go public, as Ars Technica Senior Space Editor Eric Berger wrote an op-ed that indicated he thought SpaceX would go public soon.

Advertisement
-->

Musk replied, basically confirming it:

Berger believes the IPO would help support the need for $30 billion or more in capital needed to fund AI integration projects, such as space-based data centers and lunar satellite factories. Musk confirmed recently that SpaceX “will be doing” data centers in orbit.

AI appears to be a “key part” of SpaceX getting to Musk, Berger also wrote. When writing about whether or not Optimus is a viable project and product for the company, he says that none of that matters. Musk thinks it is, and that’s all that matters.

Advertisement
-->

It seems like Musk has certainly mulled something this big for a very long time, and the idea of taking SpaceX public is not just likely; it is necessary for the company to get to Mars.

The details of when SpaceX will finally hit that public status are not known. Many of the reports that came out over the past few days indicate it would happen in 2026, so sooner rather than later.

But there are a lot of things on Musk’s plate early next year, especially with Cybercab production, the potential launch of Unsupervised Full Self-Driving, and the Roadster unveiling, all planned for Q1.

Advertisement
-->
Continue Reading