04/24/2019

J.D. Power Study Says Tesla Well Positioned to Take Significant Market Share

Source: Fleet Management Weekly

A new J.D. Power analysis says not only has Tesla achieved remarkable success with its previous portfolio of vehicles, but it also is “well-positioned to exploit a significant sales opportunity with its new products and price points.”

Tesla sold an estimated 160,000 vehicles to U.S. buyers in 2018 with a sales pace approaching 250,000 annual sales in the fourth quarter. Tesla recently launched a variant of its Model 3 priced at $35,000 and has just shown the Model Y hatchback/sport-utility vehicle, so it is poised to tap into a much larger market, and J.D. Power thinks it will do well.

Read the article at Forbes.