Chinese automaker Nio Inc‘s NEVER rival Tesla Inc TSLA has further shortened the delivery time for its model 3 and Model Y Cars in China to a maximum of 14 weeks.
What happened: According to the company’s Chinese website Elon Musk-led US car giant has reduced the delivery time for its best-selling models to six to ten weeks.
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Buyers still have to wait 10 to 14 weeks after ordering the long-haul version of the Model Y; compared to an earlier waiting time of 16 to 20 weeks, however, this is still significantly less. The reduction came as the company ramped up production at its Shanghai plant.
Previously, the company in mid-August the waiting time shortened from 24 weeks to 12 to 20 weeks.
Meanwhile, TrueCar’s sales estimates showed that August sales of Tesla in the U.S. grew 105% year over year — the highest of any brand. His closest competition was General Motors Co GM at 40.9% and Mercedes Benz Group DMLRY at 40% annual growth.
The analysis estimates that Tesla’s market share is now 4.1% overall, or 4.4% of retail.
Price promotion: Tesla closed Tuesday’s session up 1.56% at $274.42 Gasoline Pro Data.
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