Home News Tesla Model Y on track to become the world’s best-selling car

Tesla Model Y on track to become the world’s best-selling car

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Elon Musk estimated the Tesla Model Y could develop into the world’s best-selling automobile by 2022 or 2023. Musk declared the Tesla Model 3 became the most best selling luxury sedan of any kind on the planet during its latest earnings call. According to Tesla’therefore calculations, the Model Y can beat the Model 3’s album.

“I’d say more likely than not that at 2022 Model Y is your best-selling vehicle or truck of any sort on the planet,” stated Elon Musk throughout the Q1 2021 earnings call.

Seems quite likely at least based on revenue in 2022 & maybe overall units in 2023

— Elon Musk (@elonmusk) April 26, 2021

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Following the call, Musk resisted his projection on Twitter, responding to long-time investor Dave Lee, who pointed out the sum of Model Y vehicles Tesla would need to produce and deliver to become the world’s top-selling motor automobile. “Seems fairly likely at least based on revenue in 2022 & maybe overall units in 2023,” Musk explained.

Last year, Ford sold the many vehicles thanks to the F-series, documented Forbes. The heritage automaker sold 787,422 total vehicles in 2020, a remarkable achievement taking into consideration the pandemic. Ford undergone a -12.2% change in F-series earnings, and demonstrating the effects of the pandemic.For individual automobile sales, Chevrolet Silverado was among those that topped the ranks in 2020 with over 500,000 sold. Considering COVID’s growing existence worldwide, Tesla will aim to beat Ford and Chevy’s 2020 earnings in the brief term.

Annually ahead of the pandemic at 2019, the top-selling car in the world has been the Toyota Corolla with over 1.2 million models sold that year, calculated Statista. In 2020, Tesla almost produced 500,000 vehicles in total. Tesla Gigafactory Texas and Giga Berlin Model Y production could help the company reach sales amounts closer to the Toyota Corolla’s 2019 top-selling record. Giga Shanghai has started Model Y production and will likely make important contributions to fulfill Tesla’s goal for the product.

“Model Y production speed in Shanghai has been improve rapidly and two new factories Berlin and Texas are making advancements,” wrote Tesla in its Update Letter for Q1 2021.

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