VWAGY - 'Credits To The Tesla Team:' Elon Musk Applauds His Workers As EV Giant Eclipses Legacy Automakers' Sales Growth Over 8 Years | Benzinga
Tesla, Inc. (NASDAQ:TSLA) may have been caught in a rut amid economic uncertainty and an industry-wide slowdown. Still, it boasts a robust sales track record in the U.S. over the past eight years compared to traditional legacy automakers. On Thursday, Elon Musk, CEO of the electric vehicle giant, acknowledged and credited the performance.
What Happened: A Tesla influencer shared a graphic on X, formerly Twitter, illustrating volume growth among automakers from 2015 to 2023. Highlighting a 2 million decrease in U.S. light vehicle sales during this period, the influencer showcased a chart indicating that Tesla’s U.S. sales surged by 632,088 between 2015 and 2018.
Notably, Hyundai Motor Company‘s (OTC:HYMTF) Kia subsidiary, Volkswagen AG (OTC:VWAGY), Geely Automobile Holdings Limited (OTC:GELYF), Subaru (owned by Fuji Heavy Industries), and Mazda Motor Corporation (OTC:MZDAY) were the only automakers reporting positive growth.
In contrast, Detroit’s big three — General Motors Corp. (NYSE:GM), Ford Motor Co. (NYSE:F), and Stellantis AG (NYSE:STLA) — experienced sales declines of 504,718, 621,750, and ...