Tesla is leading the EV race, at least in US

Tesla is leading the EV race, at least in US

Electric vehicle manufacturer Tesla Motors currently leads all other automakers involved in the race at electric vehicles, at least in so far as the US market is concerned.

Despite the fact that Tesla's electric vehicles (EVs) come with expensive price-tags, and are far from being affordable, the Model S and Model X accounted for a noteworthy 31 percent of the EV market in November 2016.

The best-seller Tesla EV is the Model S, with nearly 25,000 units sold; whereas the Model X ranked in the third spot overall in the EV market, with almost 15,000 units sold. The yet-to-be-launched Model 3, meanwhile, has nearly 400,000 prospective buyers who have placed their orders for the vehicle.

The Model 3 is expected to be a game-changer EV for Tesla. With its affordable $35,000 price-tag, the Model 3 is precisely the EV which Tesla requires for ensuring mass appeal for its vehicles and sustaining itself in the market.

The mass-market Tesla Model 3 has the capability to offer a range of approximately 200 miles on a single charge. The launch of the Model 3 is currently scheduled for late 2017.

Companies: 

Popular Stories

AT&T releasing updates for Galaxy S8, Galaxy S8 Plus

U.S. network provider AT&T is reportedly... Read More

Mobile phones can cause brain tumours: Italian court rules

In a landmark ruling, an Italian court has... Read More

Duluth to host ‘March for Science’ on Saturday

Duluth’s nonpartisan “March for Science” will be... Read More

Americans are more distressed than ever before: study

A new study has revealed that more Americans than... Read More

Scientists piece together first-ever image of black hole

Using an Earth-sized telescope, an international... Read More

Dr. Mark Wainberg dies after struggling in waters off Bal Harbour, Fla.

Famed microbiologist Dr. Mark Wainberg, who played... Read More