Tesla (NASDAQ: TSLA) did something that almost no other car company could in the last month:
New data just arrived from the United Kingdom and it’s a depressing read for the car industry. Car sales are down 97.3% in April as the coronavirus kept people away from dealerships.
But one car has risen to the top of the best-seller list: the Tesla Model 3.
The Tesla Model 3 is now the best-selling car in the United Kingdom. In a list usually dominated by Ford, Volkswagen, Vauxhall, BMW, and Mercedes… Tesla now reigns.
The answer is simple. Online sales.
While other car companies rely on the out-dated car dealership, Elon Musk went digital.