Elon Musk’s Tesla is said to have increased its market share, selling more than 25% more cars in the United States by 2023.Tesla outperformed car manufacturers such as Volkswagen, Subaru, and BMW, capturing 4.2% of the US market in 2023.
This morning, the manufacturer released its 2023 vehicle sales data to Kelley Blue Book. General Motors remained the top automobile manufacturer in the United States, with a 14.1% increase in sales over the previous year to 2,577,648 vehicles sold.
Tesla increased its sales figures in the United States by 25.4% from 522,444 in 2022 to 654,888 last year. With 522,444 sales in 2022, the company held a 3.8% share of the overall U.S. automobile market, exceeding the 2.5%, 2.1%, and 2.5% shares held by BMW, Mazda, and Daimler for the same year.
Tesla vehicle sales increased by 0.4% in 2023, giving the company a 4.2% market share. As a result of the advancement, Tesla is now ahead of Volkswagen, Subaru, and the three previously mentioned companies. Tesla’s market share was only 0.1% lower than Volkswagen’s and Subaru’s.
Tesla had a fantastic year in 2023, and with the company planning to launch new products in the United States this year, the number should rise even further in 2024.
