Tesla Model Y was world's best-selling car in Q1, with China its top market - Autoblog

Musk recently told CNBC that growing tensions between China and the United States"should be a concern for everyone." Tesla also recently held talks with Indian officials about building a new factory in India.

JATO Senior Analyst Felipe Munoz expects the Model Y will be the world’s top-seller by the year-end in 2023 because of price cuts that enable the model to access the benefits of public incentives for EVs. More production from Tesla's new plants in Texas and Berlin and easing supply chain issues, as well as increasing EV demand in the developed economies, should also buoy Model Y sales, he said.

Unlike many automakers, Tesla has a limited number of models and their variants, which helped the Model Y become the biggest seller. Barclays analyst Dan Levy said there are concerns about Tesla being too reliant on just two models, Model Y andTesla this year aggressively cut prices, underscoring intense competition especially in the SUV segment, where Tesla's aging Model Y faces a range of newer rivals, according to

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China was top market for Tesla Model Y, world's best-selling car in Q1China was the biggest market for Tesla's Model Y electric sport utility vehicles, helping it become the world's top selling vehicle in the first quarter of this year, according to data from market research firm JATO shared with Reuters.
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