Companies

Elon Musk Lauds Model 3 Performance Over Ferrari's 12-Cylinder Powerhouse

Published May 5, 2024

Tesla, Inc. TSLA, the renowned electric vehicle and clean energy enterprise, has once again taken the spotlight as its CEO, Elon Musk, recently extolled the virtues of the company's latest electric sedan, the Model 3 Performance, in a notable comparison with the heavy-hitting Ferrari 12 Cilindri. This comparison comes amidst Tesla sustaining its position as a front-runner in the electric automotive industry, capturing significant market share in both plug-in and battery electric passenger vehicle sectors.

Model 3 Performance: A New Benchmark in Electric Vehicle Excellence

The Model 3 Performance debuts as a true testament to the advances Tesla has achieved in electric vehicle technology. Musk's glowing review, "The new Model 3 Performance is awesome," followed an enthusiast's juxtaposition of Tesla's electric marvel against the formidable might of Ferrari's latest 12 Cilindri model. This praise is not to be taken lightly, given that Tesla's new addition is benchmarked against one of the most celebrated names in high-performance, gasoline-powered sports cars.

Tesla's Market Influence and Sustainable Endeavors

As of 2020, Tesla has marked its dominance with the highest sales in the plug-in and battery electric segments, representing 16% and 23% of the market respectively. Its commitment to sustainability extends beyond vehicles, with Tesla Energy emerging as a leading installer of solar photovoltaic systems in the U.S., alongside being a significant provider of large-scale battery energy storage systems, delivering 3 GWh of storage in the same year.

About Shutterstock, Inc. SSTK

Meanwhile, Shutterstock, Inc. SSTK, a pivotal player in the technology sector offering content, tools, and services, continues its operations both domestically and internationally. With its headquarters established in New York, New York, Shutterstock maintains a considerable presence in the North American and European markets, ensuring easy access to a wealth of digital assets and resources.

Tesla, Ferrari, Performance