Key Insights
In 2023, Tesla delivered 1.2 million Model Ys, making it the world's best-selling vehicle that year, surpassing the Toyota Corolla and becoming the first electric vehicle to claim that title.
In 2024, Model Y sales were second to the Toyota RAV4, indicating sustained strong demand.
A refreshed version of the Model Y was revealed in January 2025, featuring upgrades similar to the upgraded Model 3.
AI Analysis
Tesla's Model Y continues to be a significant contributor to the company's growth, with the recent introduction of the Model Y L expected to further e...
Market Outlook
Short-Term
The recent launch of the Model Y L in Australia and New Zealand is expected to boost Tesla's market share in these regions, with deliveries commencing in the second quarter of 2026.
Long-Term
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