How Tesla Model 3 is Changing the Auto Industry
Tesla Model 3 has dominated the US luxury car segment since its launch in July 2017 and there is no indication that its dominance is about to wane before its third anniversary.
Three years is a lifetime in the automotive world.
In general, new cars are fully redesigned every four to six years. Occasionally, the model cycle for a specific car or truck will last more than six years. In between redesigns, every three years or so, cars are given a face-lift to help keep them looking fresh. This is what’s called the automotive “model cycle,” and it exists, without fail, for virtually every single car company. — Autotrader
Tesla has sold more than 300k Model 3. And that’s only in the United States. If Tesla drops the price, Model 3 sales will further improve. Throw in China and Europe into the mix, Tesla may end up selling way more than half-million Model 3 in just three regions - North America, Europe, and China.
Nothing makes people sit back and take notice like a successful product. Model 3 has proved it beyond a reasonable doubt that there is a growing market for electric vehicles, forcing automakers to rethink their ‘as…
