Tesla’s US sales soar by 52% with Model Y leading the pack

Tesla’s sales in the US soared during the first four months of 2023 as the automaker’s registrations grew by 52% compared to the same period last year. The growth in sales comes on the heels of significant price cuts announced in January.

During the January to April period, the Model Y saw a staggering 99% increase in new registrations compared to the previous year. While still impressive, registrations of the Model 3 grew 28 percent. The Model X registrations rose by 15%, but in contrast the Model S sedan saw a significant decline of 67%, according to data from Experian. (via Automotive News)

Tesla’s dominance in the US market was evident in the top EV models ranking, with the Model Y leading the pack with 127,541 registrations, followed by the Model 3 with 72,259 registrations. With a total of 211,842 registrations through April, Tesla claimed a 60.8% share of the electric vehicle market in the US, a slight improvement over its 60.3% share in the first quarter.

Chevrolet was in a distance second place during the four-month period, with 24,689 registrations, more than 16,000 of which were the Bolt EUV, giving them a 7.1% market share. Ford ranked third, with 17,167 EV registrations, led by the Mustang Mach-E (7,972), representing an overall 4.9% share.

Rivian took a 2.7% market share with 9,302 registrations of the R1T and R1S. Struggling automaker Lucid had just 2,298 registrations during the first four months of the year, while VinFast, which is now paying customers cash when their cars have an issue, had just 83 registrations.

The data also revealed that electric vehicles (EVs) accounted for 7% of US light-vehicle registrations through April, an increase from 4.4% the previous year. Total EV registrations reached 348,258 during this period, marking a 72% growth compared to the same period last year.