<div id="readability-page-1"><div><div>Elon Musk's Tesla Inc. TSLA announced that the company has sold over 3 million units of the Model 3 sedan worldwide.Check out the current price of TSLA stock here.What Happened: The EV giant made the announcement on Chinese social media platform Weibo, which could be viewed as a counterpart for Musk-owned X (formerly Twitter)&#34;Model 3 is selling 3 million units worldwide,&#34; the company said in the post on Weibo. The company also shared that Tesla sells one unit of the Model 3 every 1.5 minutes.&#34;Ranked first in global pure electric car sales for 7 consecutive years,&#34; the company said in the post.Source: Tesla via Weibo (Original post in Chinese)Why It Matters: The news comes as Tesla announced a rebound in Chinese sales as the company recorded over 12.3k new insured registrations in the Chinese market in the second week of July.<div><div>Trending Investment Opportunities</div></div>However, the company has experienced sluggish sales in the U.S., with new units sold dropping 6% YoY in the country. Despite this, Tesla remains the segment leader with a 44% market share in America.Tesla also announced a series of offers on its vehicles in the U.S., including the Cybertruck, the Model 3 and the Model Y, in a bid to boost adoption among customers.As sales continue to decline, Tesla appointed Raj Jegannathan, a senior IT executive at the company, to oversee the sales team after Troy Jones's departure following a 13-year-long stint. Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!Check out more of Benzinga’s Future Of Mobility coverage by following this link.<ul> <li>Elon Musk Says Tesla’s Self-Driving Tech Is About To Get Major Boost From Austin Robotaxi Upgrades: ‘Step Change Improvement’</li> </ul>Image vIa Shutterstock</div></div></div>

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Elon Musk's Tesla Inc. has announced the sale of over 3 million Model 3 units globally, with a unit sold every 1.5 minutes. The announcement was made on Weibo, highlighting Tesla's leadership in global electric car sales for seven consecutive years. Despite a rebound in Chinese sales, U.S. sales have dropped 6% year-over-year. Tesla holds a 44% market share in the U.S. and has introduced offers to boost sales. Raj Jegannathan has been appointed to oversee the sales team following a leadership change.

- Tesla Inc. announced the sale of over 3 million Model 3 sedans globally, highlighting its dominance in the electric vehicle market.  
- The company reported a rebound in Chinese sales with over 12,300 new insured registrations in July, despite a 6% year-over-year decline in U.S. sales.  
- Tesla maintains a 44% market share in the U.S. and has appointed a new sales leader to address sluggish sales while introducing offers to boost vehicle adoption.  

Elon Musk's Tesla Announces 3 Million Model 3 Units Sold Worldwide