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World's Best Selling Car is Electric

Elon Musk is getting the last laugh as his ultra-ambitious prediction about the Tesla Model Y becoming the best-selling car in the world is about to come true.


Tesla Model Y

People often like to poke fun at Tesla CEO Elon Musk for his predictions that didn’t turn out to be true, and rightfully so, especially for things like his self-driving timeline. But we also have to give credit where credit is due.


Back in 2016, the CEO estimated the demand for the Model Y between 500,000 and 1,000,000 units per year. That was four years before the vehicle was even released. In his usual gung-ho style, Musk went so far as to predict that the Model Y would become the best-selling car globally.


Across the company's four factories (including Germany and China) that produce the Tesla Model Y, the automaker is expected to achieve approximately 1,500,000 units in annual production capacity in 2023.


Between that production capacity, the price cuts to the Model Y earlier this year, and the performance in Q1, Tesla is about to achieve its dream (well, one of them).


It's a truly remarkable achievement. An all-electric car is about to become the world’s best-selling passenger car.

 
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