Tesla Motors Co. is facing some serious challenges keeping up with its ever-expanding ambitions, but one thing is certain: It’s selling a lot of luxury cars.
Tesla’s U.S. sales of its Model S sedan jumped 59 percent over the same quarter last year, increasing its already sizable lead among large luxury cars, according to internal third-quarter sales numbers—which Tesla usually keeps confidential—and competitor data compiled by the automaker. Tesla says it’s now responsible for almost a third of all sales in the segment. Its nearest competitors are the newly updated BMW 7-Series and the Mercedes-Benz S-Class.
In the luxury SUV market, Tesla says its new Model X sold 5,428 U.S. cars for a 6 percent market share in the third quarter. That’s its highest mark yet after production issues plagued the rollout of the car earlier this year. According to Tesla’s data, the Model X outsold Porsches and Land Rovers but trailed seven SUV models made by Mercedes, BMW, Cadillac, Volvo, Audi, and Lexus.