Wednesday, May 31, 2023

The Tesla Model Y makes history and becomes the world’s best-selling car

According to the data processed by JATO, a well-known provider of information for the analysis of automotive market trends, the Tesla Y model has become the best selling car on the planet in the first half of 2023, this is the first time that an. The electric car has reached this milestone.

Last year, the Model Y was already positioned as the third most popular model in the world, only behind the Toyota RAV4 and Corolla. At Tesla’s annual meeting in August 2022, Elon Musk, the company’s CEO, predicted that the SUV will end 2023 as the world’s best-selling car, a milestone that seems to be on its way.

With a total of 267,200 units reported between January and March, Tesla Model Y registrations have increased by 69% year over year. The Corolla, although it was available with a variety of bodies (cutaway, sedan, family), remained at 256,400 models, falling 29% in China and 10% in the United States.

The main strength of Corolla consists in the fact that it is a global product in most countries in the world; Plus, it’s a more affordable cutaway vehicle than a Tesla. The top 5 is completed by three other Toyota models: the Hilux pick-up, the aforementioned RAV4 and the Camry saloon. It is interesting to note that the RAV4 is a direct competitor to the Y model, as both fall into the D (mid-size) SUV segment.

Toyota Corolla

Tesla’s Model Y is sweeping China, the United States and Europe, but the Corolla is sold in more countries

Most likely, the Model Y will continue to improve numbers until the arrival of the Model 2, a transitional deal that, according to Musk himself, will have a starting price of $25,000, which could catapult the brand to new heights. popular… at the expense of cannibalizing the rest of the proposals, more expensive.

Although its release date is still unknown, it is possible that Giga Shanghai will begin production within the next year. Until then, both the Model Y and the Model 3 will continue to be Tesla’s top sellers.

The company has recently started to build a new version of the Y Giga Berlin model, which is an even more reliable sales model. Until now, its wheel-to-wheel approach variants coming from China and mounting LFP (lithium-fluorophosphate) batteries of CATL origin; however, the European units will use cells supplied by BYD.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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