Tesla’s dominance in the electric car market continues to grow. Tesla’s impressive sales have led to a situation where direct competition with the company has become almost insurmountable for other automakers.
If you take a close look at the global automotive industry, you’ll see one striking trend: Tesla is impressively dominating. As the June 2023 figures prove, Tesla’s electric vehicles continue to drive the speedometers crazy in France and around the world, and the trend shows no signs of slowing down.
A Tsunami of Tesla Sales
For the month of June 2023, Tesla sold 4,335 Model Ys and 3,966 Model 3s in France, according to figures from AAA Data.
|TESLA – MODEL Y||4,335|
|TESLA – MODEL 3||3,966|
|DACIA – SPRING||2,490|
|RENAULT – MEGANE-E||2,377|
|VOLKSWAGEN – ID.3||740|
|PEUGEOT – 2008||645|
|CITROEN – E-C4||396|
|VOLKSWAGEN – ID.4||391|
|CUPRA – BORN||278|
|AUDI – Q4 E-TRON||257|
|FORD – MACH-E||251|
|OPEL – MOKKA||222|
|DS – DS3 CBACK||203|
By comparison, the Fiat 500 saw 2,781 models sold, closely followed by the MG4 with 2,511 units. To say the least, these numbers are impressive. We must also consider that Tesla explodes the counters at the end of the quarter, it is something usual with discounts.
Indeed, since the beginning of the year, the Model Y has become the best-selling electric vehicle in France, with 17,741 units registered. It is followed by the Dacia Spring, the Fiat 500, the Peugeot 208 (recently revamped) and the Renault Mégane E-Tech. This puts Tesla in a strong position in the market, with a major market share among electric vehicles.
Another striking figure testifies to the considerable impact of Tesla on the French automobile market: since its arrival in France, the firm has sold more than 100,000 vehicles.
Tesla’s impressive performance in the French market is just one aspect of its global growth. Indeed, the company nearly doubled its deliveries year over year in the second quarter of 2023. According to CNBC, Tesla said it delivered 466,140 cars during that quarter, out of a total of 479,700 produced. That’s an 83% increase over the number Tesla reported for the same quarter a year earlier.
A strategic positioning
To understand how Tesla achieved such dominance, we need to take a closer look at its strategy. Tesla’s two main strengths are its ability to offer high-tech vehicles at competitive prices, as well as its ability to meet consumer expectations in all aspects (consumption, range, performance, connectivity)
One of the keys to this success is Tesla’s decision to lower its prices. This price drop has put pressure on its direct competitors, who are struggling to compete in the same market segment.
What is interesting to note is that the three vehicles that follow Tesla in the ranking are the Fiat 500, a compact car, the MG4, a sedan from 30,000 euros, and the Dacia Spring, one of the electric cars the cheapest on the market. None of these models occupy the exact same niche as Tesla, which clearly shows that when Tesla is in direct competition, it is almost unbeatable.
Consequences for the sector
This dominance of Tesla has major consequences for the entire automotive sector. Traditional manufacturers are forced to review their strategies, focusing on market segments where Tesla is less present, or seeking to differentiate themselves in other ways.
It’s clear that Tesla’s dominance has set the bar very high. The challenge for traditional manufacturers is not only to catch up with Tesla in terms of technology and innovation, but also to reinvent themselves.
To follow us, we invite you to download our Android and iOS application. You can read our articles, files, and watch our latest YouTube videos.