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Tesla Model Y Shatters Records as World’s Bestselling Electric Car

Published by
Matthew Martins
  • The Tesla Model Y surpasses Toyota’s RAV4 and Corolla models to become the world’s top-selling car.
  • In the first quarter of 2023, the Model Y sold 267,200 units globally, marking a 69% year-on-year increase.
  • Tesla’s dominance in the electric vehicle market is attributed to slow EV development by competitors and strategic pricing adjustments.

In a historic moment for the automotive industry, the Tesla Model Y has secured its place as the world’s bestselling car. Analyst data from Jato Dynamics, recently published by Motor1, reveals that the all-electric Tesla Model Y has surpassed Toyota’s renowned RAV4 and Corolla models, emerging as the top-selling vehicle globally in the first quarter of 2023. This groundbreaking achievement comes despite the Model Y’s higher starting price of $47,490, compared to the 2023 Corolla ($21,550) and RAV4 ($27,575).

Impressive figures reported by Jato Dynamics demonstrate the Tesla Model Y’s exceptional sales performance, with a remarkable 267,200 units sold worldwide in the first quarter alone. In comparison, the Corolla and RAV4 managed to sell 256,400 and 214,700 units, respectively, during the same period. This outstanding result marks a staggering 69 percent year-on-year increase for the Model Y.

While Tesla has not disclosed an exact sales breakdown, the company proudly announced that it delivered over 400,000 Model Y and Model 3 vehicles to customers in the first quarter of 2023. This remarkable feat can be attributed to Tesla’s relentless innovation in the electric vehicle (EV) sector, as competitors struggle to catch up with the pace of their EV development. Furthermore, Tesla’s strategic pricing adjustments, including those applied to the Model Y, have played a significant role in attracting a wide range of consumers.

It is important to note that despite achieving the title of bestselling car worldwide, Tesla does not currently hold the position of the largest global automaker overall. Established industry giants such as Volkswagen, Toyota, General Motors, and Ford continue to report higher revenue and unit sales. According to Car Logos, Tesla currently stands at the 19th spot among global car manufacturers, falling outside the top 10.

The success of the Model Y in 2022 further solidified its position in the global automotive market. It secured third place in the overall global rankings and impressed by climbing to sixth place on America’s list of the top ten bestselling cars, despite fierce competition from trucks and full-size SUVs. Last year, it also claimed the prestigious title of the bestselling vehicle in Europe and California. In China, the Model Y experienced a meteoric rise, jumping an astonishing 15 places to claim the fourth spot in the bestselling rankings compared to the previous year.

The groundbreaking achievement of the Tesla Model Y underscores the increasing popularity and acceptance of electric vehicles (EVs) on a global scale. As Tesla continues to dominate the EV market, traditional automakers face the challenge of catching up in terms of electric vehicle offerings and infrastructure. The remarkable success of the Model Y signals a shift in consumer preferences towards sustainable transportation, highlighting a promising future for electric mobility.

Matthew Martins

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Published by
Matthew Martins

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