Up 198%, Tesla claims number 1 spot in Europe for 5th time in 8 months - Summary

Summary

The Tesla Model Y has been the best-selling car in Europe for five months out of eight, a first in the history of the region. This is largely due to the car's high price and the fact that it's not a hatchback, which are typically the best-selling cars in Europe. The Model Y's sales have grown by 198% in Europe this year.

The Model Y's success has been attributed to a 190% rise in volume, with Tesla selling 20,000 Model Ys during August. The Model Y was not the best-selling car in July, but it regained that title in August.

The Volkswagen T-Rock was the top seller in July, but it's in a tight race for second place with the 208. Despite the T-Rock's sales being down 45%, the 208, which has an electric version, saw its sales increase by 2.5%.

The Tesla Model 3's sales grew by 280% in August, despite the fact that a new and better version of the Model 3 is about to hit European shores. The new Model 3 is expected to boost sales this year.

Despite being considered a fairly dated car, the Model 3 is still one of the best-selling electric cars in Europe.

The Model Y leads the DEA Sandero with 153,000 sales to the Sandero's 148,000. If the Model Y's success continues, it would be the first premium midsize SUV, and the first electric vehicle and Tesla to finish the year as Europe's best seller.

It's believed that the Model Y would be the best-selling car in the world this year, a prediction made by Elon Musk a year or two ago. This is partly due to falling battery prices and using Giga castings and structural batteries to reduce the cost of production, allowing Tesla to discount the price of the Model Y and ramp up sales drastically.

Tesla is on track to deliver a new version of the Model Y by mid-2024, to be called Project Juniper.

Facts

1. The Tesla Model Y has been the best-selling car in Europe for five months out of eight, a record that has never happened before in the history of Europe.
2. The Tesla Model Y was the best-selling car in Europe in August, meaning it has been the best-selling car in Europe for five months out of eight.
3. The Tesla Model Y was not the best-selling car in July but regained that title in August. The Volkswagen T-Rock was July's top seller.
4. Tesla sold 20,000 Model Ys during August, marking a 190% rise in volume.
5. The T-Rock had a lead of 315 units over the 208, but with EV sales rising by 170% in Germany and now hitting 21% of all car sales in August, EVs are clearly the most in-demand and fastest-growing type of car being sold in Europe.
6. The T-Rox sales were actually down 45%, or 14,600, however, the 208, which does have an electric version, saw its sales increase by 2.5%.
7. Volkswagen is saying its orders for its EVs in Europe are slowing drastically, and it is actually slowing production of numerous different EVs in Germany due to the high cost of production.
8. The DEA Sandero, which is actually the cheapest EV you can buy in Europe and is made in China, has been among Europe's top sellers all year.
9. The Tesla Model 3 sales actually grew by 280% in August, despite the fact that everyone in Europe is aware that there is a new and much better version of the Model 3 which is about to hit European shores within the next few weeks.
10. The Tesla Model Y leads the Sandero with 153,000 sales to the Sandero's 148,000.
11. It is believed that the Model Y would be the best-selling car in the world this year.
12. Tesla was able to discount the price of the Model Y and ramp sales up drastically this year, meaning more than likely the Model Y would be the best-selling car this year and the best-selling electric car in the world.
13. The Model Y sales in Europe have grown by 198% this year.
14. Tesla is on track to deliver a new version of the Model Y by about mid-2024, which will be called Project Juniper.