Tesla Model 3 Outsold Accord and Corolla in California 2019!

More reading: https://www.cncda.org/wp-content/uploads/Cal-Covering-4Q-19.pdf Follow me on Twitter: https://twitter.com/heydave7 Follow me on Instagram: https://www.instagram.com/heydave7 Watch this video on what a 10x company is, https://www.youtube.com/watch?v=r9HtG-jJSTY Watch this video on how new tech goes mainstream, https://youtu.be/gVsFsydllNo Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768 The stats are out. Tesla’s Model 3 has outsold both the Honda Accord and Toyota Corolla last year in California. In this video, I’m going to take a deeper look into these stats and see what they tell us about Tesla’s growing dominance. In terms of adopting new technology, California tends to be quicker than most other States. They are closer to where lots of the tech innovation happens in Silicon Valley. And there’s a general openness and optimism toward technology and what it can offer. So looking at California can give us clues in terms of what kind of trends might define our future. Let’s dive into the 10 most interesting findings of the report and then we’ll discuss what’s significant. 1. New vehicle registrations in California look strong Expected to sell 1.82 million units in 2020 Slightly down the past few years, but up significantly from 10 years ago 2. Cars are losing market shares to SUVs Last year there was a 12% drop in new car sales compared to the previous year. While SUVs and trucks were flat. Preference clearly shifting to larger vehicles 3. The biggest market is non-luxury SUVs Makes up 31% of the market compared to 19% for small cars 4. Electric cars make up 5.3% of new vehicle sales 5. Hybrid and electric make up 13.2% of the market 6. Top vehicles (cars and SUVs) in order are Honda Civic 75915 Toyota Camry 63459 Tesla Model 3 59514 Honda Accord 58310 Toyota Rav4 55760 Toyota Corolla 54186 Ford F Series 50152 Toyota Tacoma 44623 Honda CR-V 39800 7. The only 2 vehicles that sold more units than Tesla Model 3 were Honda Civic 75915 Toyota Camry 63459 8. Tesla Model 3 demolished every other car in its category Tesla Model 3 59514 Mercedes C Class 13529 BMW 3 Series 11479 Lexus ES 11308 Audi A3 2641 9. Tesla Model 3 took 43.7% of the “Near Luxury” car market Tesla Model 3 59514 43.7% Mercedes C Class 13529 9.9% BMW 3 Series 11479 8.4% Lexus ES 11308 8.3% BMW 4 Series 4.5% 10. Model Y Will Dominate “Luxury Compact SUV” segment Mercedes GLC-Class 15987 Lexus NX 13685 BMW X3 12185 Audi Q5 12051 Acura RDX 8303 Tesla is the only EV maker that has been successful at “crossing the chasm” and going mainstream with their electric vehicles. In the Q&A section I answer the following question: How will coronavirus affect Tesla and the market? Please share this video with others on Reddit, Facebook groups, and forums. Disclaimer: All content on this channel is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Author is long TSLA at time of original video publish date. Tags: Tesla, Elon Musk, Model 3, Model Y, Cybertruck, Investing, China, TSLA Shorts

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Hi, I’m Dave Lee and welcome to my investing channel. I share my journey, lessons and thoughts on investing and personal finance to help people grow their resources and use those resources on what’s good and true. Subscribe to keep up with my videos. Check out my archived posts/articles on Tesla, TSLA, Elon Musk, and Model 3 at https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768 Investing | Tesla | TSLA | CyberTruck | Model S, 3, X, Y | 10x Growth | Financial Principles | Money