Tesla’s sales in the U.S. are gaining on BMW and other luxury car makers

Palo Alto-based Tesla outsold 10 well-known luxury automakers in the U.S. in the third quarter, and is within striking distance of overtaking Mercedes-Benz in quarterly sales, analysts at Edmunds.com estimate. In a new note, Edmunds analyst Jerem.....»»

European luxury auto makers are coming after Tesla with their own high-end, long-range electric vehicles, and they are targeting on one of America’s most popular vehicle categories: SUVs......»»

German luxury car maker Audi unveiled its e-Tron electric SUV in the San Francisco Bay Area. It and a host of other European premium auto makers have their eye on Tesla's market......»»

Luxury car sales rely on product appeal and the outstanding customer service buyers expect in exchange for high purchase prices. Tesla admitted shortcomings in the second category, a threat to its........»»

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Old guard auto makers are mounting a challenge to Tesla with their own premium electric vehicles......»»

Infiniti Nissan’s premium brand Infiniti plans to at least triple sales in China within the next five years The carmaker plans to do this in par.....»»

For the first time since February, all of the top 10 luxury home sales in Greater Cincinnati did not top $1 million.  The top home sale in September was more than $2.3 million, but only one other home sold for $1.75 million or more. Four of the top 10.....»»

An end-of-the-year rush to grab tax credits could send Tesla zooming past BMW. When it comes to sales, Tesla tsla .....»»

Flat panel makers Innolux and HannStar Display have reported weak sales for September, as their shipments dropped......»»

Luxury car sales are holding up even as the world’s largest auto market slows......»»

The idea that James Murdoch will take over as chairman of Tesla Inc. is gaining steam. CEO Elon Musk will have to give up the role by the middle of November as part of his settlement with the Securities and Exchange Commission over his ill-advised tweet.....»»

A standout performance by LVMH's fashion and handbags business boosted third-quarter sales growth at the luxury goods company, providing an encouraging sign for an industry gripped by fears of a slowdown in China. Julian Satterthwaite reports......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Robust sales growth at luxury goods leader LVMH in the third quarter failed on Wednesday to quell fears that Chinese demand for high-end fashion and handbags will start waning, sending its shares lower and rattling those of competitors......»»

Nio, the so-called Tesla of China, has a number of key advantages over rival producers of premium electric vehicles, but there are always risks in an early-stage market, Goldman Sachs says......»»

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See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Shares of General Motors and Ford were slipping after the release of September auto sales......»»

Several major auto makers reported steep declines in U.S. sales for September, a slowdown that comes amid shifts in North American trade policy and the looming threat of tariffs on European and Japanese imports......»»