China Drives Tesla's Success
  • 11 months ago
China emerged as the largest market for Tesla's Model Y electric sport utility vehicles, contributing to its position as the world's top-selling vehicle in the year's first quarter. Tesla sold 267,171 Model Ys during that period, with 94,469 units sold in China, surpassing sales in the United States and Europe. The United States remained Tesla's biggest market overall. The Model Y ranked first globally in sales, followed by various Toyota models. Tesla's CEO, Elon Musk, recently visited China, emphasizing the significance of the country's electric vehicle market. Tesla's expansion in production through new factories in Texas and Berlin, along with the growing demand for electric vehicles in developed economies, is expected to boost Model Y sales further.
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