Elon Musk's Tesla Announces 3 Million Model 3 Units Sold Worldwide

Benzinga
2025.07.21 08:03
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Elon Musk's Tesla Inc. has announced the sale of over 3 million Model 3 units globally, with a unit sold every 1.5 minutes. The announcement was made on Weibo, highlighting Tesla's leadership in global electric car sales for seven consecutive years. Despite a rebound in Chinese sales, U.S. sales have dropped 6% year-over-year. Tesla holds a 44% market share in the U.S. and has introduced offers to boost sales. Raj Jegannathan has been appointed to oversee the sales team following a leadership change.

Elon Musk's Tesla Inc. TSLA announced that the company has sold over 3 million units of the Model 3 sedan worldwide.

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What Happened: The EV giant made the announcement on Chinese social media platform Weibo, which could be viewed as a counterpart for Musk-owned X (formerly Twitter)

"Model 3 is selling 3 million units worldwide," the company said in the post on Weibo. The company also shared that Tesla sells one unit of the Model 3 every 1.5 minutes.

"Ranked first in global pure electric car sales for 7 consecutive years," the company said in the post.

Source: Tesla via Weibo (Original post in Chinese)

Why It Matters: The news comes as Tesla announced a rebound in Chinese sales as the company recorded over 12.3k new insured registrations in the Chinese market in the second week of July.

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However, the company has experienced sluggish sales in the U.S., with new units sold dropping 6% YoY in the country. Despite this, Tesla remains the segment leader with a 44% market share in America.

Tesla also announced a series of offers on its vehicles in the U.S., including the Cybertruck, the Model 3 and the Model Y, in a bid to boost adoption among customers.

As sales continue to decline, Tesla appointed Raj Jegannathan, a senior IT executive at the company, to oversee the sales team after Troy Jones's departure following a 13-year-long stint.

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