mtndrew1 said:
Car sales of all propulsion types, segments, and brands are generally reported as year-over-year for a variety of reasons. Car sales are more seasonal than other purchases (tax refunds, tax credits, school year beginning/ending, etc all influence auto sales). EVs in particular are extremely seasonal.
Every month in 2019 has seen a dramatic increase in Model 3 sales as compared to the same in 2018.
At this point in the 2018 reporting cycle Tesla had delivered 17,930 Model 3s in the US. At the same point in 2019 they have delivered 46,425 Model 3s in the US and have simultaneously begun delivering substantial numbers of Model 3s in the EU and China.
YoY sales of the Model 3 in the US have increased nearly 2.6x, not including sales in Canada, the EU, and China.
You are comparing a period during which Tesla was still ramping M3 production up in all of 2018 to meet U.S. back orders, so the Y-o-Y numbers won't be directly comparable. Only when we get into the fall and winter periods will we know beyond any doubt how demand is holding up.
Model S/X are a different matter: Model S sales are down about a third (1,025 May 2019 vs. 1,520 in May 2018) YoY, Model X is only down about 5% (1,375/1,450), so the latter is basically flat, and both are down a fair amount for the total of the first five months YoY, so it's fair to conclude that demand has been satisfied for them. And the e-Tron's sales jumped from 253 to 856 in its second month of availability, so it will be interesting to see if that's just satisfying initial demand or whether it will overtake the X. Then there's the EQC arriving later this year, which will provide even more competition for the X.
