Tesla Model 3 Responsible for 16% of All Battery Capacity Deployed Globally in May 2019

Adamas Intelligence tracks the battery capacity (and the metals used in them) of electric vehicles sold in more than 80 countries around the world, representing more than 90% of the global EV market.

The latest report by Toronto-based Adamas on global EV battery deployment in passenger vehicles should give Tesla skeptics, the ranks of which are still growing, pause.

Tesla is simply miles ahead of the competition. On a MWh-basis, the Muskmobile is not just shaming US and European competitors, but also the more than 400EV manufacturers registered in China.

In May this year, Tesla was responsible for 22% of all electric vehicle battery capacity deployed worldwide versus 18% a year ago according to Adamas data.

The Model 3 alone represented 16% of battery power hitting roads compared to 4% for no.2 BYD (Build Your Dream), the Chinese EV leader backed by Warren Buffett.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 25886.00 1.18%
S&P 500 2888.68 1.42%
NASDAQ 7895.99 1.64%
TSX 16149.79 0.85%
TSX-V 570.43 0.00%

Resource Commodities

Name Last Change
Gold 1512.50 0.92%
Silver 17.11 0.99%
Copper 2.60 2.595
Platinum 901.00 0.67%
Oil 54.87 0.73%
Natural Gas 2.20 1.45%
Uranium 25.25 0.00%

@RSDigest ON TWITTER