Tesla Model Y Overtakes Toyota Camry as Best-Selling Car in the World
The Tesla Model Y has made history by surpassing the Toyota Camry as the world’s best-selling car. According to Jato Dynamics, the Model Y outsold Toyota’s RAV4 and Corolla models in the first quarter of 2023, with an impressive year-over-year gain. Despite its higher starting price, the Model Y’s success can be attributed to Tesla’s dominance in the electric vehicle market and its strategic price reductions. While Tesla reigns as the leader in EV sales, it’s important to note that the company isn’t the largest automaker overall. Nonetheless, this achievement marks a significant milestone for Tesla and highlights the growing popularity of electric vehicles worldwide.