Tesla appears to be breaking its impressive record set in 2021 as TrueCar’s report reveals that the automaker has already achieved sales in 2022 that are 105.8% higher than those of 2021, according to InsideEVs.
Tesla sold 47,629 vehicles in August, an increase of around 11% over July and a positive trend month over month, as per TrueCar. It is also stated that Tesla’s market share in the US has grown from 2.1% in 2021 to 4.1% this year. Even while that is almost twice as much, it is still far behind industry leaders in overall sales like General Motors (16.4%) and Toyota (14.8%)
| Manufacturer | Aug 20222 Forecast | Aug 2021 Actual | Jul 2022 Actual | YoY % Change | YoY % Change (Daily Selling Rate) | MoM % Change | MoM % Change (Daily Selling Rate) |
| BMW | 27,541 | 27,602 | 29,917 | -0.2% | 3.6 | -7.9% | -7.9% |
| DAIMLER | 28,491 | 20,351 | 29,896 | 40.0% | 45.4 | -4.7% | -4.7% |
| FORD | 157,393 | 123,343 | 162,729 | 27.6% | 32.5 | -3.3% | -3.3% |
| GM | 189,445 | 134,407 | 178,167 | 40.9% | 46.4 | 6.3% | 6.3% |
| HONDA | 67,047 | 114,656 | 71,235 | -41.5% | -39.3 | -5.9% | -5.9% |
| HYUNDAI | 70,077 | 61,175 | 65,834 | 14.6% | 19.0 | 6.4% | 6.4% |
| KIA | 64,996 | 54,009 | 62,449 | 20.3% | 25.0 | 4.1% | 4.1% |
| NISSAN | 50,813 | 67,317 | 50,535 | -24.5% | -21.6 | 0.6% | 0.6% |
| STELLANTIS | 126,213 | 137,926 | 135,978 | -8.5% | -5.0 | -7.2% | -7.2% |
| SUBARU | 46,836 | 49,373 | 41,536 | -5.1% | 1.5 | 12.8% | 12.8% |
| TESLA | 47,629 | 23,140 | 42,813 | 105.8% | 113.7 | 11.3% | 11.3% |
| TOYOTA | 170,942 | 188,585 | 177,558 | -9.4% | -5.9 | -3.7% | -3.7% |
| VOLKSWAGEN GROUP | 53,369 | 42,704 | 54,986 | 25.0% | 29.8 | -2.9% | -2.9% |
| INDUSTRY | 1,152,846 | 1,095,323 | 1,146,084 | 5.3% | 9.3 | 0.6% | 0.6% |
Source: TrueCar
It should be noted that this report essentially compares Tesla to other automakers whose primary sales are still gas-powered vehicles and does not differentiate between EVs and other types of vehicles. Zack Krelle, Industry Analyst at TrueCar, points out that:
“August is shaping up to confirm our early predictions that the industry may be turning the corner. We’re seeing consecutive month over month increases for incentives, while average transaction prices are softening. Inventory is also slowly growing, and sales are improving slightly.”
Tesla has been doing remarkably well in markets all over the world. In Australia, it bested the supremely popular Toyota Camry to rank as the fourth-bestselling car there in August. With combined sales of 77,000 Tesla Model 3 and Tesla Model Y last month, the auto manufacturer has also been ramping up in China faster than before.
Likewise, the Model 3 and Model Y remain the two most popular electric vehicles in Europe, accounting for about 7% of the plug-in car market. As production at the Shanghai Gigafactory resumes after numerous lockdown-related shutdowns, its market share is also anticipated to rise. Additionally, Giga Berlin’s output is currently increasing, with most of the vehicles going to Europe.
Notably, demands for Tesla will remain high as long as the world continues to shift toward electric vehicles, especially since the company is constantly seeking developments to satisfy its customers.
