Research insights
Tesla expected to sell 800,000 EVs in 2021
Jessie Lin, DIGITIMES Research, Taipei

Tesla is expected to sell 800,000 electric vehicles (EV) globally in 2021, increasing 60.1% on year, and the more price-friendly Models 3 and Model Y will together take up 90.4% of the volume, Digitimes Research forecasts.

Tesla sold nearly 500,000 EVs for a global market share of 16% in 2020. Nearly 140,000 units of Model 3 were sold in China for a EV market share of 11% and nearly 88,000 units in Europe for a 6% in 2020.

Tesla has brought in handsome revenues from sales of software consisting of FSD (full self-driving) kits, payable OTA (over the air) functional upgrades, subscription-based infotainment services.

For FSD, the major source of software sales revenues, Tesla initially offered hardware/software-integrated ADAS kits in 2014 and had kept upgrading them until it offered initial FSD in early 2019. FSD/AP HW3.0, the latest FSD version featuring support to Level 5 autonomous driving, was launched in October 2020.

In line with autonomous driving technology development, Tesla plans to establish Robotaxi Network to operate rental self-driving taxicabs, as its new business model.

Realtime news
This website adheres to all nine of NewsGuard's standards of credibility and transparency.
© 2021 DIGITIMES Inc. All rights reserved.
Please do not republish, publicly broadcast or publicly transmit content from this website without written permission from DIGITIMES Inc. Please contact us if you have any questions.