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Tesla Model 3 tops survey for the world’s most searched-for electric car

(Credit: Megan Gale/Twitter)

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A recent study from a Compare the Market, a UK-based price comparison company, has determined that the Tesla Model 3 is currently the world’s most searched-for all-electric vehicle in the world. Following behind the Model 3 was longtime EV veteran Nissan Leaf, as well as Tesla’s two other cars, the Model S and the Model X. 

The UK-based firm’s study utilized Google search data to determine the most popular search term for each electric vehicle on the market and compare each car’s popularity across the globe. The survey’s figures are exclusive only to searches of battery-electric cars, as hybrids, plug-in hybrids, and hydrogen vehicles like the Toyota Mirai were not included in the survey. 

According to Compare the Market’s results, the Tesla Model 3 is the overwhelming winner worldwide, being the most-searched-for EV in 54.7% of search traffic surveyed. That accounts for more than half of the 136 countries covered in the study. It should be noted that the gap between the Model 3 and the study’s second placer, the Nissan Leaf, was notable as well, with the Japanese-made EV leading in 16.1%, or 22 countries across the globe. 

The world’s most popular electric cars per region. (Credit: Compare the Market)

The Tesla Model S and Model X were the study’s 3rd and 4th placers, leading the rankings in 13.1% and 9.5%, taking of the search traffic surveyed. Overall, Tesla’s electric car lineup dominates internet searches for all-electric vehicles in 77.3% of the countries surveyed by the UK-based firm. 

Apart from the Nissan Leaf, other non-Tesla vehicles that proved popular in Google searches were the BMW i3 (4.4%), and the Renault Zoe (2.2%). Other premium EVs such as the Jaguar I-PACE, the Audi e-tron, and the Mercedes EQC did not rank in the survey. 

The study’s results become quite interesting when they are broken down by country. The Model 3 held a clean lead in a number of the world’s key auto markets, such as the United States, China, most of Europe, and even India, a country that is yet to see its first Tesla store. The Nissan Leaf dominated in Russia, while the Tesla Model S received the most search traffic from Mexico and Argentina. The BMW i3 even proved particularly popular in Brazil. 

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Interestingly, the study shows that the rankings didn’t necessarily align with the national origins of a particular vehicle. In Japan, for example, it was the BMW i3, a German car, that dominated internet searches. Germany, the home of the BMW i3, displayed strong interest for an American all-electric car, the Tesla Model 3. 

Considering the hype and the close news coverage that follows Tesla’s electric car lineup, it is rather unsurprising to see the Model 3 dominating in the UK-based firm’s study. What is particularly notable was that even with the Model 3 taking most of the spotlight, Tesla’s Model S and Model X, which have already been in the market for years, ranked highly in the survey nonetheless. This shows that Tesla has become a brand that is perceived as a premier maker of EVs across the globe, even in areas where it is yet to begin selling its vehicles. 

Part of Tesla’s secret sauce for its vehicles’ popularity lies in the company’s strong online presence, which it grows through organic engagement in social media. This was highlighted by a study from competitive intelligence analysis firm BrandTotal, which noted that Tesla, despite investing $0 in paid advertising on social media platforms, is the car company with the strongest social media presence. “Strong brands are able to command high engagement even without a robust digital ad spend. In Tesla’s case, we see their engagement numbers are high compared to other auto brands allocating spend in their digital campaigns,” Alon Leibovich, co-founder & CEO of BrandTotal, said.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla gets price target increase on Wall Street, but it’s a head-scratcher

Delaney’s price target on Tesla shares went up to $395 from $300. Currently, Tesla is trading between $420 and $430, making the new price target from Goldman Sachs a bit of a head-scratcher.

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Credit: Cybertruck | X

Tesla (NASDAQ: TSLA) received a price target increase from a Wall Street analyst today, who noted in his report that the company’s shares could rise or fall based on its execution in robotics and autonomy.

However, the price target boost still fell below Tesla’s current trading levels.

Mark Delaney of Goldman Sachs said in a note to investors today that Tesla has a significant opportunity to solidify itself as one of the stable and safe plays in the market if it can execute on its two key projects: humanoid robots and autonomy.

In the note, Delaney said:

“If Tesla can have [an] outsized share in areas such as humanoid robotics and autonomy, then there could be upside to our price target.”

Delaney’s price target on Tesla shares went up to $395 from $300. Currently, Tesla is trading between $420 and $430, making the new price target from Goldman Sachs a bit of a head-scratcher.

He went on to say that Tesla could also confront outside factors that would limit the stock’s ability to see growth, including competition and potentially its own lack of execution:

“…although if competition limits profits (as is happening with the ADAS market in China) or Tesla does not execute well, then there could be downside.”

The note is an interesting one because it seems to point out the blatantly obvious: if Tesla performs well, the stock will rise. If it doesn’t, the stock price will decline.

We discussed yesterday in an article that Tesla is one of the few stocks out there that does not seem to be influenced by financials or anything super concrete. Instead, it is more influenced by the narrative currently surrounding the company, rather than the technicals.

Tesla called ‘biggest meme stock we’ve ever seen’ by Yale associate dean

Tesla’s prowess in robotics and autonomy is strong. In robotics, it has a very good sentiment following its Optimus project, and it has shown steady improvement with subsequent versions of the robot with each release.

On the autonomy front, Tesla is expanding its Robotaxi platform in Austin every few weeks, and also has a sizeable geofence in the Bay Area. Its Full Self-Driving suite is among the most robust in the world and is incredibly useful and accurate.

The company can gain significant value if it continues to refine the platform and eventually rolls out a driverless or unsupervised version of the Full Self-Driving suite.

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Tesla addresses door handle complaints with simple engineering fix

“We’ll have a really good solution for that. I’m not worried about it.”

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Tesla Model S self-presenting door handle
Tesla Model S self-presenting door handle (Credit: TesBros)

Tesla is going to adjust one heavily scrutinized part of its vehicles after recent government agencies have launched probes into an issue stemming from complaints from owners.

Over the past few days, we have reported on the issues with Tesla’s door handle systems from both the Chinese and American governments.

In China, it dealt with the Model S, while the United States’ National Highway Traffic Safety Administration (NHTSA) reported nine complaints from owners experiencing issues with 2021 Model Ys, as some said they had trouble entering their car after the 12V battery was low on power.

Bloomberg, in an interview with Tesla Chief Designer Franz von Holzhausen, asked whether the company planned to adjust the door handle design to alleviate any concerns that regulatory agencies might have.

Regarding the interior latch concerns in the United States:

  • Von Holzhausen said that, while a mechanical door release resolves this problem, Tesla plans to “combine the two” to help reduce stress in what he called “panic situations.”
  • He also added that “it’s in the cars now…The idea of combining the electronic and the manual one together in one button, I think, makes a lot of sense.” Franz said the muscle memory of reaching for the same button will be advantageous for children and anyone who is in an emergency.

Regarding the exterior door handle concerns in China:

  • Von Holzhausen said Tesla is reviewing the details of the regulation and confirmed, “We’ll have a really good solution for that. I’m not worried about it.”

The new Model Y already has emergency mechanical door release latches in the back, but combining them in future vehicles seems to be an ideal solution for other vehicles in Tesla’s lineup.

It will likely help Tesla avoid complaints from owners about not having an out in the event of a power outage or accident. It is a small engineering change that could be extremely valuable for future instances.

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Elon Musk calls out viral claim of 10,000 Tesla Optimus deal: “Fake”

For now at least, Tesla seems determined to focus on the development of Optimus V3.

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Credit: Tesla Optimus/X

Elon Musk has provided some clarification to recent reports suggesting that PharmAGRI, a US pharmaceutical and agricultural infrastructure company, is looking to deploy 10,000 Optimus robots for its operations.

Musk posted his clarification on social media platform X.

Alleged Optimus purchase

Recently, reports emerged stating that PharmAGRI Capital Partners will be tapping into Tesla’s humanoid robots for its operations. The firm claimed that it had executed a Letter of Intent with Tesla to deploy up to 10,000 Optimus Gen 3+ humanoid robots across its SuperPharm and CEA facilities. This should allow the company to automate its labor and ensure diversion control.

A comment from Lynn Stockwell, Chairwoman & CEO, suggested that the company really was partnering with Tesla. “With Tesla robotics powering our facilities and DEA-licensed infrastructure in place, we can scale with precision, meet federal sourcing mandates, and deliver therapies that are compliant, secure, and American-made,” she said. 

Elon Musk clariies

News of PharmAGRI’s Optimus claims quickly spread on social media, though some Tesla watchers argued that it seemed unlikely that the EV maker will commit two legions of Optimus robots to a rather unknown company this early. Some pointed out that Tesla typically commits to high-profile customers to test its early products, such as PepsiCo with the Tesla Semi. 

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Photos from PharmAGRI’s website depicting Tesla Optimus bots, as well as the rather basic look of the website itself, also brought more reservations to the company’s claims. Ultimately, Elon Musk weighed in on the matter, responding to a post about PharmAGRI’s Optimus-filled webpage. Musk was quick and direct, simply stating, “Fake.”

Elon Musk’s comments were quite unsurprising considering that Optimus is still very much in active development, and thus, it is quite unlikely that the company is already taking orders or even Letters of Intent from potential customers at this time. For now at least, Tesla seems determined to focus on the development of Optimus V3, which Musk has noted will be “sublime.”

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