Honda

The “Tesla Stretch” — Proving Car Buyers Will Pay More For A Tesla Model 3

The Tesla Model 3 is turning out to be an electric car that’s seducing car buyers across multiple market segments. According to a CleanTechnica report, “45% of current electric car drivers plan to buy a Tesla next.” Okay, that’s understandable. Non-Tesla EV drivers might be interested in a Tesla. That said, it’s extraordinary how many gas-powered car owners, from vastly different auto segments, are transitioning to Teslas.

Tesla Model 3 Sales = 32% of All Small + Midsize Luxury Car Sales in…

The electric car story of the year — nay, the car story of the year — was the Tesla Model 3 taking the industry by storm. Just as we were predicting 3 or 4 years ago, Tesla’s ability to ramp up production of a more affordable, more mass market model is sending chills down other automakers’ spines — or it should be. I’ll revise a famous old quote to explain the ongoing story in a different way: