Estimated August passenger car sales from Goodcarbadcar.net indicate that only four passenger car models sold better than the Tesla Model 3 in August. Those cars were only from Honda and Toyota. They were the Toyota Camry, Honda Civic, Honda Accord and Toyota Corolla.
This was at the 5000 car per week level for the Model 3. If the Model 3 reaches 7000 cars per week then it will be the second best selling car model. It would only be behind the Toyota Camry. If the Model 3 reaches 8000 cars per week then it will become the top selling car in the USA.
The Toyota Camry sells for $29,000 to 34,000.
The three available versions of the Model 3 are $49,000 to $64,000 in price.
Rear-Wheel Drive $49,000 Dual Motor All-Wheel Drive $54,000 Dual Motor All-Wheel Drive $64,000
The Toyota Camry likely had $950 million in revenue in August. (30,141 times $31,000)
The Tesla Model 3 likely had 1.1 billion in revenue in August. (20,450 times $54,000)
Tesla is targeting a sustained production rate of 5,000-6,000 Model 3 per week in Q3 and an increase to 7,000 units per week in the fourth quarter of 2018. There will be a gradual ramp to 10,000 vehicles per week by mid-2019.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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