Dec 15, 2016 05:16 AM EST

Tesla Model X Latest News & Updates: Elon Musk’s Tesla Model X Seen to Grab Market of Model S

By Marcos

As per latest news, deals for the Tesla Model X have increased in the 3rd quarter from the Nordic nations. There are likewise signs that the Model X may eat up into the market of the Model S.

As per Inside EVs released by Insero Quarterly, offers of electric autos have increased to 15,771, while the current ones that are as of now in the city reach up to 145,000. The report included that the arrival of the Model X in these nations may be a factor that has begun the deal. Just in the 3rd quarter, a cumulative number of 967 Model X units were sold.

In spite of the good news, the report likewise also stated that the Model X is grabbing market share from its sister model because of the fact that the deals for the Model S have gone down to 39% when the deal with the Model X increased. Nevertheless, the report hastily included that only time will tell if indeed that is happening. This December, the situation between the 2 models will be made clearer.

In the Nordic nations, the offers of module electric autos keep on expanding in with Sweden and Norway having the most clients. Green Car Reports in September alone show that there was a total of 129 units sold in Sweden and 601 units sold in Norway.

Undoubtedly, even the other Nordic nations are very receptive to the use of electric cars, Insero said. In Finland alone, the deals multiplied 75 percent this year with a 105 percent improvement. Even in Denmark, which encountered a slowdown in deals in the first two-quarters of this year, has seen a resurgence of deals in the 3rd quarter. The number is believed to further increase as Danish government is giving incentives to private auto proprietors which invest more in green cars. With this development, it is surmised that the Tesla Model X and Model S is sure to stay and even further strengthen its hold in the Nordic nations.

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