Musk Sees German Car Comeback After Tesla Model Tops Sales Chart

Bloomberg

Published Oct 27, 2021 00:36

(Bloomberg) -- Elon Musk expects German carmakers will mount a comeback after Tesla (NASDAQ:TSLA) Inc.’s Model 3 topped European monthly sales charts for the first time.

The Tesla chief executive officer made the prediction in a Twitter (NYSE:TWTR) reply on Tuesday. He was responding to a user summarizing a German news report that concluded Volkswagen (DE:VOWG_p) AG’s Golf is typically a best-selling car, and that the Model 3’s showing in September marked the end of an era for German auto manufacturers.

In a second tweet, Musk wrote: “Also, Tesla will soon be a German car manufacturer,” referring to the plant Tesla is constructing outside Berlin.

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