Summary
Tesla Sales Soaring, Competition Failing - Tesla, Inc. (NASDAQ:TSLA) | Seeking Alpha
- Tesla [Model 3] reaches No. 4 best selling passenger car in the US and should pass Toyota Camry in Q4 to become the No. 1 selling passenger car in the US.
- Tesla has ~90% of the US EV market space.
- Tesla deliveries in Q3 are double the deliveries in Q2.
- Tesla sales are projected to grow from $4B last quarter to $6.78B this quarter. Net profit in Q3 is likely.
- Legacy auto companies may suffer an unexpectedly rapid collapse in sales. This collapse may already be underway.
Tesla Sales Soaring, Competition Failing - Tesla, Inc. (NASDAQ:TSLA) | Seeking Alpha