The Tesla Model X has managed to take over 6% of the luxury SUV market over in the US and they have been able to cast a shadow over the Porsche Macan and Cayenne when it comes to sales.
At the moment Tesla has been working hard on bringing down the manufacturing costs of the Tesla Model 3 and this is one of the top three of their priorities. They have also announced that the company doesn’t need to raise capital for the Model 3.
The demand for the cars of Tesla with the 100kWh battery are strong, but bear in mind that the battery does come with a premium of $10,000 when compared to the older 90kWh battery. Tesla has also been able to benefit from the sale of zero emissions credits with other car makers.
So the Tesla Model X is doing well in sales and the vehicle has managed to beat sales of both the Porsche Macan and the Cayenne. The company is getting ready to reveal more financial date 1 November.