Tesla Model Y is set to be crowned as the world's best-selling vehicle for 2023. This achievement marks a significant milestone, as it is the first time an electric vehicle has led global vehicle sales, dethroning traditional automotive giants.
According to preliminary data gathered by JATO Dynamics, the Model Y sold an impressive 1.23 million units in 2023, representing a substantial 64% increase from the previous year. This remarkable performance signifies Tesla's growing dominance in the EV market, despite the company's relatively recent establishment. It also fulfills a bold statement made by Elon Musk in 2021.
When it comes to Model Y, we think Model Y will be the best-selling car or vehicle of any kind in the world.
-Elon Musk, April 27, 2021 (Q1 Earnings Call)
Dominating Key Markets
In the latest earnings call, Musk stated, “Model Y became the best-selling vehicle globally, as predicted. The best-selling vehicle of any kind, not just electric vehicles, with over 1.2 million units delivered.” Incredibly, that was the only mention of this incredible feat during the call.
The success of the Model Y was particularly pronounced in Europe and China, the two largest EV markets globally. In China, Tesla shipped over 456,000 units of the Model Y in 2023, showing a significant 45% increase from 2022. In Europe, the Model Y's registrations exceeded those of well-established models like the Dacia Sandero, Peugeot 208, and Volkswagen T-Roc, with over 255,000 units registered.
Competitive Pricing and Tesla's Reputation
Its competitive pricing strategy was key to the Model Y's success. In November 2023, the average retail price of the Model Y was 18% and 23% lower than the average EV cost in Germany and the US. This strategic pricing and Tesla's reputation for reliability and competitiveness in the EV market have significantly fueled consumer demand.
The Model Y's performance has considerably impacted Tesla's overall sales, accounting for two-thirds of the automaker's deliveries in 2023. This dominance underscores Tesla's influence in shaping consumer preferences and the growing importance of EVs in the automotive sector.
The rise of the Model Y signifies a shift in the global vehicle rankings, with Toyota's RAV4 and Corolla, which have consistently held top positions in recent years, being overtaken. Despite Toyota's strong global presence and diverse offerings, its lack of pure electric options has limited its competitiveness in the rapidly evolving electric car market. That said, Toyota, Honda, and several others are ramping up EV SUV production, and Lucid is also teasing a Model Y competitor. They have a lot of work to do to dethrone the new king.
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Like clockwork, it’s time for the opportunity to submit questions for Tesla’s Q1 2025 Earnings Call. Q1 has historically been difficult for Tesla and other auto manufacturers in general, but doom-and-gloom aside, there’s plenty more to be excited about, including upcoming improvements to FSD and the first phase of Tesla’s Robotaxi network.
Earnings Q1 2025 Questions
Tesla is gearing up for its Q1 2025 Earnings Call, providing an opportunity for shareholders to once again submit and vote on questions they want to be addressed during the event. Tesla has already announced the lower-than-expected delivery numbers for Q1 2025, and also held a Public All-Hands Meeting for the first time, so we’re interested to find out what answers to some of these questions during their Q&A session.
Most Popular Questions
When will FSD unsupervised be available for personal use on personally-owned cars?
Is Tesla still on track for releasing “more affordable models” this year? Or will you be focusing on simplified versions to enhance affordability, similar to the RWD Cybertruck?
Robotaxi still on track for this year?
How is Tesla positioning itself to flexibly adapt to global economic risks in the form of tariffs, political biases, etc.?
Regarding the Tesla Optimus pilot line, could you confirm if it is currently operational? If so, what is the current production rate of Optimus bots per week? Additionally, how might the recent tariffs impact the scalability of this production line moving forward?
Did Tesla experience any meaningful changes in order inflow rate in Q1 relating to all of the rumors of “brand damage”?
When will Tesla Insurance be available in all 50 states. I’m from Idaho, and I’m surrounded by states where it is available, but it isn’t available in my state.
How is the company planning to deal with the impact of Elon’s partnership with the current administration?
is there a possibility of a stock split if so what would it be
Questions and voting are conducted through Say, a third-party platform that validates share ownership. Once your ownership is verified, you can use your shares to vote, with your vote weight corresponding to the number of shares you hold. Submitting a question initially gives it votes equivalent to your number of shares.
Below, we also compiled a list of the top questions going into the Earnings Call, which takes place a week from today.
The Earnings Call itself will take place on April 22, at 5:30 PM EDT (2:30 PM PT). Links to the live stream will be made available closer to the event. A recap of the key points will also be provided as usual, so stay tuned for that in the hours after the call.
With Q1 2025 now behind us, another round of Tesla’s Supercharger Voting has wrapped up. The previous vote took place back in December, and we now get to see which locations came out on top.
Let’s take a look at the Q1 2025 winners of the Supercharger Vote:
North America
🇺🇸 Lake Wales, FL
🇺🇸 Henderson, NV
🇺🇸 Clarksville, TN
🇺🇸 Roswell, NM
🇺🇸 Long Beach, CA
🇺🇸 Decatur, IL
🇺🇸 McAlester, OK
Europe
🇬🇧 Bournemouth, United Kingdom
🇮🇹 Bari, Italy
🇵🇱 Wrocław, Poland
🇨🇿 Hradec Králové, Czech Republic
Asia-Pacific
🇰🇷 Namyangju - South Korea
🇦🇺 Nicholls, Australia
Supercharger Voting Q2 2025
Another quarter means another round of Tesla's Supercharger Voting, giving Tesla owners the chance to influence where new Supercharger sites will be built. Following the Q1 2025 voting round, Tesla is now opening the polls for Q2 2025.
How to Vote
To participate in the Q2 2025 Supercharger Voting, visit the Tesla Supercharger Voting page and sign in to your Tesla account. You can vote for up to five different locations, with a limit of one vote per location, every three months. The most popular Superchargers are displayed on the leaderboard, and you can also suggest new locations for future voting cycles.
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