Tesla sales boosted by entry-level sedan

A car drives past the new Tesla factory built in Shanghai on Nov. 8, 2019. Image: AFP/Hector Retamal via AFP Relaxnews

This week, Tesla was crowned the automaker with the biggest market capitalization in the world. A pioneer of all-electric vehicles, Tesla enjoys cult status and has passionate fans. It also benefits from growing sales all over the world, which are increasing year after year.According to newly announced figures, Tesla sold 90,650 automobiles in the second quarter of 2020. The number is slightly down from the same period in 2019 due to the coronavirus health crisis.

It should also be pointed out that the brand’s initial sales target of 500,000 units sold in 2020 now looks to be unattainable. It remains to be seen if the automaker can exceed its current sales record set in 2019, when it sold 370,000 vehicles.

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