The sale of Tesla (TSLA) in the housing market, thanks to Model Y

Tesla’s record quarter in Q4 2020 was helped by strong performance in the US, particularly in California, according to new registration data.

Tesla sales in California

California is a major market for Tesla. It’s clearly the carmaker’s home market and home to its main factory, but it’s also the largest electric vehicle market in the country with some generous incentives.

In the second quarter of 2020, Tesla’s sales in California were almost halved in the beginning of the pandemic.

Tesla began picking up in the third quarter, setting a new global delivery record, to which California contributed more than 16,000 vehicles – about twice as many vehicles as last quarter.

Now Tesla is keeping the momentum going in its home market in the fourth quarter.

Tesla Q2 2020 deliveries in California

Based on new registration data released by Cross-Sell, Tesla sold more than 22,000 electric vehicles in California in Q4.

According to the data, Model Y accounted for more than half of Tesla’s deliveries in California at approximately 11,400 units.

Model 3 sales declined as Model Y diverted demand from the electric sedan.

Tesla also began rolling out the 2021 Model 3 during the fourth quarter, which could affect sales of the electric vehicle.

Tesla sales in the US

Cross-Sell also releases data on Tesla’s sales in other states, but registration data is only available in 23 states.

Based on the 23 states, Tesla delivered at least 44,749 electric cars in the U.S. in the fourth quarter, making it one of its most important markets. Again, Model Y accounted for about half of the deliveries.

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