The Bavarian giant is currently the world's largest premium automaker.

tesla could produce as many cars as bmw in 2023

Tesla is continuing to grow at a remarkable rate, and the automaker now has its sights set on becoming the world’s number one premium marque. That means dethroning BMW, and with the Bavarian firm selling 2.5 million cars last year that’s no easy task. However, Tesla’s two new Gigafactories, Giga Texas and Giga Berlin, should play a key role in its plans to overtake BMW and Mercedes in 2023.

According to Reuters, Tesla believes it will build 495,000 Model 3/Ys in Q4 2022. Meanwhile, in Q3 its estimated Tesla delivered between 350,000 and 370,000 vehicles. Analysts expect Tesla to deliver around 1.4 million vehicles in total in 2022, with a drastic ramp-up towards the end of the year as Giga Berlin and Giga Texas come closer to full operating capacity.

Extensive upgrades to Giga Shanghai and Tesla’s original Fremont plant should also ensure continued sales growth, despite ongoing supply chain issues throughout the automotive industry.

Numerous analysts believe Tesla will deliver 2 million vehicles next year, including Wedbush bull Dan Ives. At that point, Tesla would truly be knocking on the doors of both Mercedes and BMW, who sold 2.1 million and 2.5 million vehicles respectively last year. If Tesla could eclipse the latter, it would become the world’s largest premium automaker.

That would be a seriously impressive feat, especially given that 90%+ of Tesla’s sales come from the Model 3 and Y alone. And given analysts have often underestimated Tesla’s production capabilities before, reaching 2.5-3 million sales next year can’t be ruled out either.

Keyword: Tesla Could Produce As Many Cars As BMW In 2023

CAR'S NEWS RELATED

Ford may extend its lead in commercial EV sales

Ford has two massive deals that could secure tens of thousands of electric vehicle sales for the coming years. Ford has long had a significant presence in commercial fleet sales. The brand has become synonymous with the police cars and service trucks they have supplied to countless government agencies ...

View more: Ford may extend its lead in commercial EV sales

Volkswagen reportedly aims for software supremacy

Volkswagen will reportedly discuss its software roadmap at an upcoming meeting with CEO Oliver Blume. Volkswagen has made key moves to improve its software chops in recent months. First, the company shook up its leadership with new executives to lead crucial software groups. Then, the auto-group made a point ...

View more: Volkswagen reportedly aims for software supremacy

Tesla Model 3 redesign prototypes are already being spotted

Tesla Model 3 prototypes equipping the potential elements of a vehicle redesign are already being spotted in California. Although the details of what Tesla could potentially update on its best-selling sedan are unknown, the first looks give plenty of ideas. Last week, reports of a potential redesign of the ...

View more: Tesla Model 3 redesign prototypes are already being spotted

Ford breaks ground on $5.8B Blue Oval SK Battery Park in Kentucky

Ford has officially broken ground on its $5.8 billion Blue Oval SK Battery Park in Glendale, Kentucky, where the automaker’s joint venture with SK will produce 5,000 new jobs in the region when it begins production in 2025. Ford announced this morning that the Blue Oval SK Battery Park is ...

View more: Ford breaks ground on $5.8B Blue Oval SK Battery Park in Kentucky

If Twitter collapses, will Tesla be far behind?

How Musk could use Tesla to try and save Twitter Tesla is facing a tougher road ahead There is one troubling option for Elon Musk to try and keep Twitter afloat: siphoning cash from Tesla. PHILIP PACHECO/Getty, caracterdesign/Getty, Tyler Le/Insider Written by Vicki Bryan for Insider Vicki Bryan is ...

View more: If Twitter collapses, will Tesla be far behind?

BMW X4 M Competition (2022) review

Space & Interior  Comfort & Convenience  Fuel Economy  The BMW X4 takes the compact SAV (Sports Activity Vehicle) concept of the X3 and adds a sporty flair to proceedings. While this may not be everyone's cup of tea, there's no denying that the sheer brute power is something to ...

View more: BMW X4 M Competition (2022) review

Caltrans Orders 399 Tesla Model 3s As It Seeks To Electrify Fleet

The agency has already taken delivery of 236 Tesla Model 3 RWD EVs, with the remaining 163 to be delivered by January 1, 2023.

View more: Caltrans Orders 399 Tesla Model 3s As It Seeks To Electrify Fleet

New BMW M2 driven

The new BMW M2 is almost here and early impressions have been gathered, just not via conventional means. Welcome to M Mixed Reality...

View more: New BMW M2 driven

BMW X7 M60i review: an asinine folly for people with more money than sense

Tesla China denies rumors of production cuts at Gigafactory Shanghai

Lexus EV manual transmission first look: video

BMW M Mixed Reality tech unveiled to gamify driving

Elon Musk Tells President Biden Tesla Is Opening Supercharger Network

Top BMW Engineer Thinks Li-Ion Batteries Have "Peaked"

BMW M2 Mixed Reality review: the best racing game ever created

BMW Starts Production Of Sedans And SUVs In Vietnam

Tesla Semi Will Charge At 1+ MW Using New V4 Charging Cable

Tesla bulls urge Musk comment amid claims of lower production, weak demand in China

BMW prepares for drive production in Steyr

BMW iX5: production on hydrogen SUV begins

OTHER CAR NEWS

;
Breaking thailand news, thai news, thailand news Verified News Story Network