in 2018 by noting his company was making roughly the same number of cars in four hours that Tesla was in a week.
To be fair, F-150 volumes are largely limited to North America, while the Model Y is sold globally. Looking at North America alone, the F-150 still dominates the sales charts and probably will for a long time. Farther up the leaderboard, it’s the Japanese that rule the roost. Honda’s HR-V, Toyota’s Camry and Nissan’s Sentra each exceededlast year. It will be a few months before it’s clear whether Model Y overtakes these three, but Tesla stands a good chance.
The top three in the world last year went to Honda’s CR-V and Toyota’s Corolla and RAV4. Topping those is almost certainly a bridge too far for the Model Y this year. With Tesla’s factories in Austin, Texas, and outside Berlin continuing to ramp up into 2023, Musk may be able to lay claim to the best-selling vehicle in the world, as he— Elon Musk The Corolla has been a perennial top-seller for many years and regularly clocks in above 1 million units.
Macroeconomic conditions are also quickly deteriorating, with higher interest rates, falling home prices and stock market turmoil all likely to take a toll on big-ticket purchases. Sales of high-end EV models grew briskly through the pandemic partly because white collar workers kept their jobs, reduced their spending and saw their home values and stock portfolios soar as governments and central banks stepped in with stimulus.
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