Tesla’s used car sales register strong growth
Electric car maker Tesla Motors is enjoying a rapid expansion in its used car business, prompting analysts to predict that the company is on the track to triple its used inventory sales.
As of the second quarter this year, Tesla has its “finished goods” inventory worth $1,470,359,000. While the company does not offer breakdown of figures for this segment, but the automobile major confirmed that this section includes cars in transit, new cars available for immediate sale at retail and service centers, and pre-owned Tesla cars.
So far this year, the e-car giant enjoyed a revenue increase of $154.1 million in used car sales.
In its Q2 filing, Tesla stated, “In future periods, we do not anticipate meaningful revenue from sales of powertrain or other vehicle systems and components to third parties. However, we anticipate that revenue from sales of pre-owned vehicles will continue to increase.”
Last year, Tesla saw an increase of $117.4 million in its used inventory sales. At the pace sales of the used cars are going at currently, Tesla is on the track to triple used inventory sales.
Tesla’s ongoing foray into in the field of used car sales is a clear sign that the e-car maker is looking to utilize this part of the business to boost its bottom line and bring more car owners into the world of e-cars.
Ford has recently issued a recall order for 550,000 units of Fusion and Escape that were built from 2013 to 2016 and 2013 to 2014, respectively.
According to reports, Brexit has announced appointment of Matt Hancock as the new health secretary in Brexit reshuffle. This is after the resignation of the previous secretary Mr Boris Johnson.
The Airbnb is eyeing to remain a thorn to the eyes of hoteliers as they are revamping to check rates if these are not that pricey.
Decades of research have shown that regular massages can actually cure pain and immobility almost completely. Unfortunately, most pain sufferers in America cannot afford the cost of this simple pain solution. Thankfully, our team of experts at M
The word ‘accident’ brings along so many negative thoughts with it. Whenever an accident takes place, the family of the victim get into a lot of trouble. Road accidents in India have become quite common these days.
The San Francisco-based ride-hailing company, Uber won a legal bid on Tuesday to restore its operating license in London for next 15-months.