Shulou(Shulou.com)11/24 Report--

According to Cox Automotive, the largest online and offline auto trading platform in the United States, Tesla is expected to achieve his goal of 50% sales growth in the United States this year.

Tuyuan Pexels Tesla has set a very high growth target in the auto industry, and the company hopes to achieve a 50 per cent year-on-year growth rate by 2022, which will mean it will produce and sell more than 1.4 million cars worldwide. Cox Automotive's analysis shows that the company may only be one step closer to achieving that goal.

According to data compiled by Cox Automotive, they expect Tesla to sell 133879 vehicles in the United States in the fourth quarter, an increase of 16.2% compared with the same period in 2021. This is equivalent to Tesla sold a total of 524693 cars in the United States in 2022, an increase of 48.9 percent.

It is not clear whether Tesla will be able to achieve the same level of growth in other markets, but there are some positive indicators. First of all, Tesla's best-selling model, Model Y, has achieved great success in Europe and Asia. Secondly, the number of markets operated by Tesla and the number of products in each market have increased.

Achieving the 50 per cent growth target will not only help Tesla increase his income, but may also be the perfect measure to counter the decline in Tesla's share price over the past few months.

Cox Automotive believes sales of other brands will grow positively in the next few years, including GM (+ 2.3 per cent), Daimler-Mercedes (+ 6 per cent), Rivian (+ 3152.2 per cent) and Lucid (+ 336.5 per cent).

However, the overall trend remains negative, with Cox Automotive estimating that although sales rose almost across the board in the fourth quarter, the overall car market will still contract by about 8 per cent. Brands with the worst expected declines include Honda (- 33.3%), Jaguar Land Rover / Tata (- 27.4%) and Nissan-Mitsubishi (- 24.1%).

Whether Tesla can achieve its growth target or not, the brand will undoubtedly usher in another record year and will achieve sustained growth in the new year. If Cox Automotive's analysis can be used as a basis, Tesla may get a boost from the good news when needed.

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