February had 1,058 registrations in February 2018, up 116% compared to February 2017, with fully electric cars (BEVs) making for the vast majority of the market (85%). The strong BEV month contributed decisively to the current 2.8% plug-in vehicle (PEV) market share, a good improvement over the 2.2% share of last year.
Miss the past week of 100+ stories on CleanTechnica? Too busy vacationing in the Bahamas? Or did you get caught up in the whirlwind of EVBox’s 2018 rEVolution conference? Catch up a bit now by scrolling through the 20 most popular articles of the past week.
February is traditionally the slowest selling month in China, but with electric car sales at around 34,000, there’s not much to complain about — numbers were up 88% year over year (YoY), making this by far the best February ever.
Tesla is a completely unique auto brand.
Instead of spending money on advertising (like every other auto brand), Tesla spends money on making its products better.
In the increasingly transparent digital era we live in, this appears to be a winning formula.
One of the most famed Apple analysts, Gene Munster, has recently turned his attention to Tesla. Munster’s firm, Loup Ventures, “surveyed 519 people in the U.S. regarding interest in buying a Tesla Model 3 … [and] found a surprisingly high number (17%) of people would buy a Model 3 at $40,000. Even if this survey is off by 3x, the results still imply significant market share gains are in store for Tesla given their current U.S. unit market share is below 0.5%.”
The production efficiency of the Tesla Model S and Tesla Model X has been improved greatly in recent years, a spokesperson for Tesla has revealed to CleanTechnica and other media outlets in response to some recent CNBC coverage.
It’s remarkable that Tesla rocketed from its IPO to surpassing Ford in value in just 7 years. Tesla’s prowess on Wall Street has left many investors miffed. After all, Ford recently announced 2017 sales of over 6.6 million cars worldwide. Meanwhile, Tesla barely cracked sales of 100,000 cars. How could an industry behemoth like Ford be overtaken by this younger, smaller Silicon Valley startup?
Recently famed Apple analyst Gene Munster predicted market share gains ahead for Tesla based on a survey executed by his firm Loup Ventures. It turns out there are other indicators that point to market share gains down the line for Tesla. With so much riding on the success of Model 3, Seeking Alpha’s Victor Dergunov remains convinced that a stock “breakout appears imminent … and new all-time highs [are] very likely” for Tesla.
I just shared our top 20 articles in February, but it’s already time to share the hottest 20 articles of the past week here on CleanTechnica. Check ’em out:
The Chevy Bolt is the new sales leader for electric cars in California. outselling all others including the Model S. That may change, if and when Tesla succeeds at building its new Model 3 in significant numbers.
