Tesla (TSLA) takes top 4 spots on Cars.com 2023 AMI rankings

Cars.com released their American-Made Index ranks on Wednesday for vehicles built and bought in the U.S. for 2023. For the third year (Second in a row), Tesla (NASDAQ: TSLA) topped the list with their Model Y SUV claiming the number one spot. The electric automaker’s Models 3, X, and S rounded out the top 4 spots, sweeping the list and showcasing the company's complete lineup dominance.

Rounding out the top 5 is Honda’s (NYSE: HMC) Passport SUV, dropping one spot from 2022. Other electric vehicles appearing in the top 20 are the Volkswagen ID.4 SUV and the Toyota Sequoia Hybrid SUV.

The 2023 index captures the dynamic nature of an industry that is progressively transitioning towards electrification. Previously, in 2022, hybrid and all-electric models constituted 14 out of 95 vehicles in the AMI, accounting for 15% of the total. However, in the current year, the top 60 alone feature 14 such vehicles, with a total of 22 (22% of the total).

Notably missing from the list is Rivian (NASDAQ: RIVN), whose Normal IL., manufacturing plant makes the R1S SUV and R1T pickup truck. However, because both vehicles’ lowest gross vehicle weight ratings exceed the 8,500-pound maximum required to comply with American Automobile Labeling Act reporting, Rivian isn’t subject to those regulations of sourcing. The Ford F-150 Lightning ranked No. 38 on this year’s list only just slips under the weight limit.

Shares of TSLA are down 0.22% in early trading on Wednesday.

By Michael Elkins | [email protected]

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