Tesla Model 3 is still the best-selling electric car in the world, and no other vehicle program is even coming close.
Automakers other than Tesla are going to have to invest more in high-volume electric vehicles.
Tesla Model 3
The Model 3 was the true first high-volume electric car program, and it is still on another level than every other electric car out there.
Tesla invested heavily in the program, including building Gigafactory Nevada with Panasonic to have the battery cell production capacity to support the Model 3.
The automaker went into what it called “production hell” during the ramp-up in 2017-2019, but it came out the other side with an impressive production capacity at Fremont factory, and in 2020, it added Model 3 production capacity at Gigafactory Shanghai.
It enabled the Model 3 program to grow into the market leader in electric vehicles by a wide margin.