Tesla Model Y Becomes Best-Selling Car in the World, Outpacing Toyota

Elon Musk makes a lot of promises and breaks quite a few, but now it looks like he’s going to do what he said. In fact, Tesla’s CEO claimed that the Model Y would be the best-selling car in the world by 2023, and according to the latest industry data, it’s well on its way.

According to figures from Jato Dynamics Model Y sold 267,000 units in the first quarter. That means an increase of no less than 69 percent compared to the same period last year. The Toyota Corolla, which finished in second place, sold ‘only’ 256,400 units in the first quarter.

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While the first quarter is no guarantee for the future, experts believe the Model Y will maintain its lead, especially since Musk has made it clear that he prioritizes volume over profit. In addition, recent extreme price cuts make the Model Y more attractive than ever before.

In addition, sales for the Tesla continue to rise, while those for the Corolla are falling as buyers turn away from conventional combustion cars and favor SUVs and electric cars. A combination of the two – such as the Tesla Model Y – is doing very well in a number of markets right now.

In Europe, Corolla never makes the top 10, but the Model Y was now also the best-selling car here. Last year, the Tesla Model Y was still in third place with 747,700 units. Second was the Toyota Corolla with 992,000 units sold, itself narrowly beaten by Toyota’s own RAV4, which drove out of the showroom more than a million times.

The Japanese brand is doing much better than Tesla as a whole. Because the entire top five of best-selling cars is further dominated by Toyota. Corolla’s second spot is followed by the Hilux pickup with 214,700 units sold, the RAV4 with 211,000 units sold and the Camry with 166,200 units sold.

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