Tesla close to overtaking Porsche in German sales

Fittingly, Tesla is only 356 sales behind Porsche.

Thanks to the recently launched Model 3 sedan, Tesla is now nipping at the heels of Porsche in the sports car maker's home market.

According to the Federal Motor Transport Authority, Tesla is just 356 vehicles behind Porsche in German sales after registering 3,596 deliveries during the first three months of the year. The bulk of those sales came in March, when Tesla sold 2,367 vehicles in Germany.

That spike in sales is largely due to the arrival of the Model 3, which is Tesla's least expensive vehicle. Despite being on sale in the United States for quite some time, the Model 3 only arrived in German in February, with March representing the line's first fully stocked month on the market. Tesla also sells the Model S sedan and Model X SUV in German.

Tesla could overtake Porsche in German sales as soon as this month. While Tesla is surging, Porsche's sales slumped by nearly 10 percent in March due to model changeovers and the elimination of some diesel models. However, Porsche is planning to launch its all-electric Taycan sedan later this year, which promises to give Tesla a run for its money.