Why Tesla's Model 3 sales surge should make the oil industry sit up and take notice

James Murray
clock • 3 min read

Set against global auto demand 276,000 orders for the new Model 3 is still small fry, but Tesla's unprecedented sales pipeline should make fossil fuel investors worried about how quick technology demand can change

The auto industry has never seen anything like this. Apple may be used to people queueing round the block to buy its latest iWhatever, but the car industry does not traditionally have to cordon off pavements...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

How the war in Iran is pushing up petrol prices - and boosting the case for EVs

How the war in Iran is pushing up petrol prices - and boosting the case for EVs

The escalating conflict in the Middle East could push up UK petrol prices by hundreds of pounds a year for the average driver, further enhancing the savings on offer for EV drivers

Michael Holder
clock 06 March 2026 • 8 min read
'Already ahead of target': EVs account for one in four new cars sold in February

'Already ahead of target': EVs account for one in four new cars sold in February

Battery electric vehicles accounted for a quarter of all new car registrations in February, while more than a third of new cars are now plug in models

clock 05 March 2026 • 4 min read
Nissan's Friederike Kienitz: 'The EV transition has taught me sustainability is rarely a straight line'

Nissan's Friederike Kienitz: 'The EV transition has taught me sustainability is rarely a straight line'

Nissan's senior vice president of sustainability explains why 'electromobility' has felt like the start of both a technological and societal transition

Stuart Stone
clock 03 March 2026 • 7 min read