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Tesla Model 3 sells 4x more than its closest rival in Europe’s plug-in market

(Credit: Tesla)

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  • United Kingdom – 6,500 Model 3 cars sold
  • France – 4,524 Model 3 cars sold 
  • Germany – 3,699 Model 3 cars sold 
  • Norway – 2,169 Model 3 cars sold
  • Italy – 1,363 Model 3 cars sold
  • Sweden – 1,192 Model 3 cars sold 
  • Austria – 1,192 Model 3 cars sold 

The Hyundai Kona EV was the second top-selling model in Europe last month with 5,643 deliveries. Hyundai sold the most Kona EV vehicles in Germany, delivering 3,237 units in March—very close to Tesla Model 3 sales. The Korean automaker sold 800 Kona EV units in the United Kingdom, 409 in France, and 349 in Norway. 

The Volvo XC40 PHEV, Renault Zoe, and Volkswagen ID.4 rounded out the top 5 models in the European plug-in market. In March, there were 5,567 Volvo XC40 PHEV vehicle registrations in Europe. The Renault Zoe came close to Volvo’s numbers with 5,482 deliveries. The Volkswagen started ID.4 deliveries in February, but March seems to be when it started hitting its stride. Approximately 5,104 Volkswagen ID.4 vehicles were registered last month.

Tesla’s Model 3 sales in Europe last month provided a closer look at the EV automaker’s growth and continuing rise in the region. The Tesla Model 3 has become the best-selling luxury sedan in the world, beating the likes of veterans like the Mercedes-Benz E-Class and the BMW 3 Series. Tesla hopes the Model Y will become the best-selling vehicle in any category by 2022 or 2023. Elon Musk highlighted this in the Q1 earnings call. 

“Model 3 became the best-selling midsized premier sedan in the world, in fact, I should say the best-selling luxury sedan of any kind in the world. The BMW 3 Series was for the longest time the best-selling premium sedan, has been exceeded by the Tesla Model 3. And this is only three and a half years into production and was just two factories. For Model 3 to be outselling its combustion engine competitors, I think, is quite remarkable,” Musk said. 

The Teslarati team would appreciate hearing from you. If you have any tips, email us at tips@teslarati.com or reach out to me at maria@teslarati.com.

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Tesla sold four times more Tesla Model 3 sedans than its closest competitor in Europe last month, hinting at its rising dominance in the region. The Tesla Model 3 made up over 10% of plug-in car sales in Europe last month, delivering 24,184 units out of the over 227,000 registered in March. 

EV Sales Blog broke down Tesla’s Model 3 sales numbers in certain European countries.  

  • United Kingdom – 6,500 Model 3 cars sold
  • France – 4,524 Model 3 cars sold 
  • Germany – 3,699 Model 3 cars sold 
  • Norway – 2,169 Model 3 cars sold
  • Italy – 1,363 Model 3 cars sold
  • Sweden – 1,192 Model 3 cars sold 
  • Austria – 1,192 Model 3 cars sold 

The Hyundai Kona EV was the second top-selling model in Europe last month with 5,643 deliveries. Hyundai sold the most Kona EV vehicles in Germany, delivering 3,237 units in March—very close to Tesla Model 3 sales. The Korean automaker sold 800 Kona EV units in the United Kingdom, 409 in France, and 349 in Norway. 

The Volvo XC40 PHEV, Renault Zoe, and Volkswagen ID.4 rounded out the top 5 models in the European plug-in market. In March, there were 5,567 Volvo XC40 PHEV vehicle registrations in Europe. The Renault Zoe came close to Volvo’s numbers with 5,482 deliveries. The Volkswagen started ID.4 deliveries in February, but March seems to be when it started hitting its stride. Approximately 5,104 Volkswagen ID.4 vehicles were registered last month.

Tesla’s Model 3 sales in Europe last month provided a closer look at the EV automaker’s growth and continuing rise in the region. The Tesla Model 3 has become the best-selling luxury sedan in the world, beating the likes of veterans like the Mercedes-Benz E-Class and the BMW 3 Series. Tesla hopes the Model Y will become the best-selling vehicle in any category by 2022 or 2023. Elon Musk highlighted this in the Q1 earnings call. 

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“Model 3 became the best-selling midsized premier sedan in the world, in fact, I should say the best-selling luxury sedan of any kind in the world. The BMW 3 Series was for the longest time the best-selling premium sedan, has been exceeded by the Tesla Model 3. And this is only three and a half years into production and was just two factories. For Model 3 to be outselling its combustion engine competitors, I think, is quite remarkable,” Musk said. 

The Teslarati team would appreciate hearing from you. If you have any tips, email us at tips@teslarati.com or reach out to me at maria@teslarati.com.

Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Elon Musk

Tesla nears closure of Full Self-Driving purchasing option

The move to bring FSD to this type of purchasing program comes after CEO Elon Musk noted in January that Tesla would move away from the outright purchase option.

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Credit: Tesla

Tesla is nearing the closure of its Full Self-Driving outright purchasing option, which will be removed on February 14, meaning Saturday will be the last time it can be bought as a non-subscription.

Tesla is aiming to move its Full Self-Driving suite to a subscription-only platform, a move that will enable people to only pay monthly for the semi-autonomous driving functionality.

The move to bring FSD to this type of purchasing program comes after CEO Elon Musk noted in January that Tesla would move away from the outright purchase option.

It is currently priced at $8,000 for the outright option to use Full Self-Driving, a substantial decrease compared to the $15,000 it was priced at one time. For the monthly subscription, it is just $99 per month, but that price will change, likely increasing as things get more advanced.

Tesla is overhauling its Full Self-Driving subscription for easier access

We say it will likely increase because there is no indication of how Tesla will price FSD. There has been some speculation that Tesla could utilize a tiered system to price FSD, which would potentially allow owners to pick and choose a set of features that would be most ideal for them.

This would potentially introduce an even more affordable option for FSD use, but this is unconfirmed. The reason many say this could be an option for Tesla is the fact that if the price goes up further, the take rate, which is currently around 12 percent at its most recent estimate, could be lower.

Musk needs 10 million active Full Self-Driving subscriptions to unlock one of the tranches of his newest compensation package.

The move to a subscription-only platform has its positives and negatives, and owners have been more than vocal about these since Musk confirmed the move.

Positives

  • Lower barrier to entry and higher potential adoption
  • Financially better for many users
  • Easier transfers and brand loyalty
  • Predictable recurring revenue for Tesla
  • Access to the latest features

Negatives

  • Higher long-term cost for loyal/long-term owners
  • No true “ownership” or permanence
  • Risk of future price hikes or even deactivation
  • Perceived as of less value
  • Impact on resale and used market

Overall, there is a split among the Tesla community in terms of what they see as the “right” way to handle this. Tesla is likely to shed more details on what its plans for the subscription-only platform will be, including pricing, in the coming weeks.

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Elon Musk’s Boring Company selected for Universal Orlando tunnel project

The underground transport tunnel is designed to address the persistent gridlock surrounding International Drive. 

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Credit: The Boring Company/X

Elon Musk’s The Boring Company has been selected for a proposed underground transit system connecting Universal Orlando Resort and the newly opened Universal Epic Universe. 

The underground transport tunnel is designed to address the persistent gridlock surrounding International Drive. 

As noted in a blooloop report, Universal’s Shingle Creek Transit and Utility Community Development District approved a resolution showing its intent to designate The Boring Company as the contractor for the project. 

The agreement covers the full scope of the project, from the tunnel’s design, construction, and maintenance. The project has also been described in public documents as a “point-to-point innovative transportation” initiative with a 25-year agreement.

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The proposed Boring Company tunnels would directly link Universal’s existing parks with Epic Universe, which sits roughly three miles away from Universal Orlando Resort. Today, buses are the only direct connection between the two destinations.

Project requirements were quite stringent. Bidders were required to demonstrate at least $75 million in bonding capacity, have a minimum of seven years of operational experience, and show prior delivery of a comparable project valued at $25 million or more within the past 15 years. The Boring Company, thanks in no small part to the Vegas Loop, meets these requirements.

The Orlando selection adds to The Boring Company’s growing portfolio of Loop-style systems. In Las Vegas, the Las Vegas Convention Center Loop has transported more than two million passengers in Tesla vehicles through underground tunnels since 2021. The greater Vegas Loop system is also under construction.

For now, residents in the area seem enthusiastic about the upcoming project. In a comment to Fox35, residents noted that the tunnels could improve traffic in the area. 

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“We are very congested at certain times and certain hours and that would certainly help with people not having to budget their time,” Mary Walters-Clark, a resident, stated. Another resident, Scott Heinz, echoed similar sentiments. “I think it would be a new opportunity to lessen traffic load and good for visitors as well,” he said.

The tunneling startup has started bringing its Loop projects to international locations. It recently signed a memorandum of understanding with Dubai’s Roads and Transport Authority to explore the development of a 17-kilometer underground Loop network beneath Dubai.

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Elon Musk tops Forbes’ list of America’s 250 greatest innovators

The ranking places Musk at the top of modern American innovation.

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Gage Skidmore, CC BY-SA 4.0 , via Wikimedia Commons

Elon Musk has been ranked No. 1 on Forbes’ inaugural list of America’s 250 Greatest Innovators. The ranking places Musk at the top of modern American innovation as the publication kicks off a series celebrating the nation’s 250th anniversary.

Forbes described innovation as “the grease in the economic engine” and the force that transforms industries and creates new ones. The publication highlighted that its honorees are not just inventors, but business leaders who successfully bring breakthroughs to market.

Musk, 54, was ranked No. 1 in this year’s list. Forbes noted that he is “the only person in history to have founded (or grown from nearly nothing) five companies, each with multibillion-dollar valuations, each in a different industry.” Those companies include Tesla, SpaceX, Neuralink, xAI, and The Boring Company.

Forbes’ methodology began with nearly 1,000 nominees submitted by its reporters. A panel of judges, including venture capitalist Jim Breyer, journalist Kara Swisher, and strategy expert Rita McGrath, ranked candidates based on creativity, breadth, engagement, disruption, and commercial impact. Artificial intelligence tools, including ChatGPT and Gemini, were also used to assess candidates before editors finalized the rankings.

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The publication noted that more than one-third of the list consists of women and people of color, reflecting shifts in innovation and entrepreneurship over time. All individuals listed are also American citizens, though many were born abroad, including Musk himself. Musk was born in Pretoria, South Africa.

Ranked No. 2 is Jeff Bezos, 61, who Forbes credited with upending America’s $7.4 trillion retail industry through Amazon before pioneering cloud computing with Amazon Web Services. The publication highlighted that Bezos now focuses on space exploration through Blue Origin and artificial intelligence manufacturing systems at Prometheus.

At No. 3 is Bill Gates, 70, who helped launch the personal computing revolution and built Microsoft into the dominant force in workplace software. Forbes also highlighted Gates’ reinvention at age 50 as a data-driven philanthropist, including his role in helping eradicate polio from India.

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