10.4% more new Tesla were registered in Germany in April 2020 than in the same month of last year. This is in spite of the considerable overall cooling of the market in the face of the Corona crisis: across all manufacturers, 61.1% fewer vehicles were registered. Tesla also stands out positively in other respects these days, as can be seen in a new infographic from Kryptoszene.de.
While Tesla was able to increase sales significantly, German carmakers reported a sharp decline. In April, 48.6% fewer Volkswagen vehicles took the roads in Germany than last year. Out of all brands, Smart saw the sharpest drop in registrations, with their market share falling by 94.1%. This was revealed by data from the Federal Motor Transport Authority.
A glance at share price performance for listed car manufacturers reveals a similar picture. While Tesla’s market capitalization has climbed by around 99% so far this year, Porsche, BMW, VW and Daimler have all seen share prices fall.
Moderate Demand for Tesla Shares
Despite remarkable share price development as well as promising sales figures, the Google trend score for “Tesla shares“, a measure of relative search volume, is surprisingly low. On 15th May the score stood at 27, with a value of 100 representing the greatest possible interest.
As the infographics show, the electric pioneer sold more vehicles in the first quarter of 2020 than in the first quarter of any other year to date. 88,496 vehicles rolled onto the roads in the first three months of the year, compared to 63,019 last year and just 25,000 in 2017.
Tesla News Gives Grounds for Optimism
The Group recently announced news that has been positively received by many analysts. According to Reuters, Tesla is working on a battery that is expected to last around one million miles. This battery will be installed in the Model 3 series, possibly from as early as the beginning of 2021.
Even the competition is acknowledges Tesla’s know-how: VW boss Diess recently admitted that Tesla was miles ahead of Volkswagen in terms of software development.
Although we will have to wait and see if the rally will last, the company seems to have a lot going for it. For example, a survey by “Venson Automotive Solutions” revealed that 45% of Britons are reconsidering buying an electric car due to perceived air improvements during the lockdowns. Due to its market position, Tesla is well placed to benefit considerably from this.