Tesla is officially the leading luxury car brand in the U.S., beating out BMW (Photo by Smith Collection/Gado/Getty Images).
BySavannah YoungLeaders Staff
Savannah Young
News Writer
Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...
Learn about our editorial policy
Tesla is officially the leading luxury car brand in the U.S., beating out BMW.
Key Details
- Tesla has passed BMW as the top luxury car brand in the U.S., according to new car registration data by Experian in partnership with Automotive News.
- Tesla had 484,351 new vehicle registrations last year, followed by BMW with 327,929 new registrations.
- The EV brand had a 41% increase in new registrations from 2021, while BMW registrations fell 4% in the same period.
- The only brand other than Tesla to see an increase in new registrations was GM’s Cadillac division featuring a 6.5% increase with 133,000 new registrations.
Why it’s news
Tesla has been having a tough year, with supply-chain issues and seeing its stock value drop by more than 50%.
Now it is officially the leading luxury car brand in the U.S., beating BMW for the top spot.
The electric-vehicle brand had 484,351 new vehicle registrations in 2022, increasing 41% from 2021, according to data by Experian. The increase took the brand to the top spot overtaking BMW, which only had 327,929 new registrations for the year.
The data marks the first time Tesla has been the number one luxury car brand in the U.S. It also shows that overall luxury car sales have been down, falling 3.5% from 2021.
BMW followed Tesla with 327,929 new registrations for the year, but while Tesla had a 41% increase BMW fell 4% within the same time period.
BMW’s slight decrease in sales isn’t too concerning, considering the only other luxury brand to see an increase in numbers was GM’s Cadillac division featuring a 6.5% increase with 133,000 new registrations.
Tesla suffered a rough year last year, but the company seems to be back on the incline selling more cars and meeting more expectations.
Related Stories
by PJ HowlandLeaders Staff
Investor optimism around a potential blockbuster obesity drug by Structure Therapeutics led to soaring share prices across the weight-loss pharma sector.
Key Details
- Structure Therapeutics' stock jumped 35% after reporting positive results from early clinical trials of a once-daily weight-loss pill.
- The experimental drug helped participants lose about 5% of their body weight over one month without side effects, although there are concerns with Ozempic.
- Analysts predict the global anti-obesity medication market could reach sales of $100 billion by 2030, up from $71 billion currently.
- With promising growth prospects, investors are betting on companies developing new weight loss drugs like Structure, Eli Lilly, Novo Nordisk, and Pfizer.
by PJ HowlandLeaders Staff
New data shows a strong correlation between family income and SAT scores, indicating the exam may act as a “wealth test” that advantages higher-income students.
Key Details
- Students from wealthier families tend to score higher on the SAT than lower-income peers due to advantages like well-funded schools, tutors, and extracurricular activities.
- The pandemic has exacerbated SAT score disparities, with average scores dropping the most among disadvantaged groups.
- Addressing the gap requires increased funding for lower-income school districts and expanding access to test prep resources.
- Children from the top 1% of families are twice as likely to attend an Ivy-Plus college (Ivy League, Stanford, MIT, Duke, and Chicago) compared to middle-class families with similar SAT/ACT scores.
by PJ HowlandLeaders Staff
Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.
Key Details
- According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
- The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
- With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
- The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.
