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So, a year ago we called it a good start. A few months ago, the news came that the Tesla Model S and Model X — which are about 10 percent of the global car fleet — are in the top 10 globally.
Now, we’re talking about Tesla. And, in fact, only about 1 percent of global sales of cars are made in China, but it’s still in the top 10. That should make sense:
In July, Tesla reported profits of $10.26 billion and $11.55 billion in global revenues in Q1, compared to $8.33 billion and $4.44 billion in 2015, respectively.
Tesla has been on sale since mid-November to customers in more than 130 countries. On July 29, it announced its first new Model S with an optional 7 kWh lithium-ion battery pack, and later that month it added its first luxury car, the Model X.
A year ago, when Tesla announced its high-performance electric sedan, the Model X, in December, it reported sales of about $8.9 billion in the U.S. market through December 20.
Tesla’s Model X has become a global sensation — it’s on every major major U.S. car segment, even the top-selling ones on global market, with one in every three of