Tesla noted on its year-end milestone report that the Model Y is on track to become the world’s best-selling vehicle by volume in 2024.
The Model Y’s sales milestone in 2023 felt like a lightning strike in the automotive sector. If Tesla’s estimates prove accurate, lightning might strike the same place twice in the EV world this year.
Model Y domination:
- Tesla noted in its year-end milestone thread on X that there are now over 7 million Teslas across the globe.
- The Model Y accounts for a substantial portion of this number.
- The Model Y is Tesla’s best-selling vehicle so far, thanks to its reasonable price, excellent utility, performance, safety, and tech.
- As per Tesla’s recent post on X, the Model Y is on track to become the world’s best-selling vehicle by volume this 2024.
- The Model Y is one of the safest vehicles on the road today, with the all-electric crossover receiving a 2024 Top Safety Pick+ Award from the IIHS.
Model Y continues to smash records globally pic.twitter.com/PeJw5Y9BFp
— Tesla (@Tesla) December 31, 2024
Model Y 2023 sales:
- JATO Dynamics estimated that sales of the Tesla Model Y totaled about 1.22 million units globally in 2023.
- This effectively made it the world’s best-selling car by volume for 2023.
- Tesla’s estimates suggest that the Model Y is about to claim the title of world’s best-selling car by volume for two years running.
- That’s a very impressive achievement for a premium all-electric vehicle.
Even more potential:
- What’s very interesting is that the Model Y is largely still the same vehicle that Tesla unveiled in 2019.
- This means that the Model Y is achieving all these sales milestones despite being a generation behind its sibling, the Model 3 sedan, which received an extensive update last year.
- Fortunately, a Model Y update is expected to be rolled out this 2025. Giga Shanghai is reportedly already producing the updated all-electric crossover.
- An updated Model Y may have the potential to become an even bigger seller than its previous iteration.
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