Tesla Model Y Takes the Crown as World's Top-Selling Vehicle

JATO Dynamics & Motor1.com reported the Tesla Model Y is the top-selling vehicle globally.

[{"selector":"#anim-e0f5daac-afb5-43d3-baa7-2ff5b654cde0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-36c2350c-9789-4236-b3c3-a12c2690669c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google

Tesla sold 267, 200 Model Ys, representing a 69% increase compared to the previous year, during the same period.

[{"selector":"#anim-c372f3c3-bc5d-4da1-accb-f22b75b54a4a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-a546ca0b-bb34-4fb8-946d-c16cbb4b1833","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google

With 256, 400 vehicles sold worldwide, the Toyota Corolla secured the second spot.

[{"selector":"#anim-670a33aa-dbe6-44bf-9f8d-bba97b256573 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-35.937499914669296%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-9499129f-1b46-4cec-90b0-fdea7a9220bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google

JATO data covered at least 53 international markets along with the additional market data and forecasts.

[{"selector":"#anim-a254467c-f113-4c56-b0ef-f3262c10e678 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.93749989646541%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-2870f318-9f0d-4d7d-9c04-daf27acf4afb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google

The strong sales performance of Model Y in Q1 suggests a potential trend that could make it the global leader in sales for 2023 as proposed by Elon Musk, the Tesla CEO.

[{"selector":"#anim-4e7ce571-7d0a-4111-98d9-9db1a840e61a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-7a118722-938b-41de-978f-4ea11c0fa4dd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google

The third best-selling car in 2022, Tesla’s recent price cuts & expansion efforts have fuelled demand for the Model Y.

[{"selector":"#anim-67ad451a-4f4b-4e06-a5a0-4fc1c93d5992 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-4bece57a-b398-42ae-92af-028ad51989d2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google

In 2022, Tesla sold 747,500 units of the Model Y.

[{"selector":"#anim-587da184-9832-48d7-acbf-4afc0475892f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.284090795523493%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-5d379d04-3ab9-414f-b43a-2a99e9bb59a9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google

Evn in 2023 The Model Y performed exceptionally well in China, the US & Europe.

[{"selector":"#anim-2c690244-29e3-47a9-a288-ff626e01c50a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-33.12499989760315%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-27f57908-215e-4a00-9bb5-8e5672c985f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google

Model Y performed exceptionally despite the price reduction in Q1 leading to a decrease in gross margin yet Elon Musk was hopeful about Y’s great performance.

[{"selector":"#anim-d77d12ad-8950-4cf3-8711-2411075dfde5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-c5c0e7cb-2fc0-4751-b778-37f6ef00cff3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source- Google