During Tesla’s annual shareholder meeting, Tesla CEO Elon Musk made an announcement that the ‘Tesla Model Y‘ is on track to becoming the best-selling car in the world. More specifically, the electric SUV is going to be the best-selling vehicle in the world by revenue this year, and the company expects that it will be the best-selling vehicle by volume next year once Tesla has ramped up production at Gigafactory Texas and Gigafactory Berlin.
World’s Best-Selling Car – ‘Tesla Model Y’
About the company’s latest model, the Model Y SUV, Elon Musk added in a statement that till now the company produced more than 3 million vehicles, increasing its annual production rate exponentially and it is on track to become the best-selling vehicle by revenue in 2022. If the trend continues as it is now, the Model Y will be the best-selling vehicle by 2023 on the number of units.
At the same time, Musk added that there is still a lot of work ahead, where he noted that their large gigafactories “don’t work magically”. The Gigafactories in Berlin and Austin are still waiting to start production. The Tesla CEO also mentioned how the company will likely be able to announce the location of a new Gigafactory location this year. A good guess for the location for this one in Canada.
Tesla says it plans to build 10 to 12 Gigafactories with an average output of 1-2 million units per year. factory. Currently, Tesla’s Fremont factory has the highest production in North America, but said at the same time that the Gigafactory in Shanghai and its team are “hard to beat”.
At Tesla’s 2021 annual shareholder meeting held last October, Musk said at the time that the Model Y “should be the best-selling vehicle of any kind.” And it is now a milestone that is expected to be reached in 2023 thanks to the four factories:
We’re already seeing the Model Y topping the global sales charts, and it’s clear that the electric compact crossover SUV is hard to beat. Here too, the Model Y has long been among the best-selling electric cars, along with Tesla’s Model 3.
