Tesla's UK Registrations Skyrocket 13,600% In May As Model Y Frenzy Takes Over
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) experienced a 13,656% YoY increase in new vehicle registrations in the UK, with 3,439 new cars registered in May 2023. The Model Y was the standout performer, contributing 2,509 units to the total registrations. Ford Motor Co's (NYSE:F) Puma topped the charts with 4,184 new vehicle registrations.
June 06, 2023 | 6:38 am
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Ford's Puma topped the charts with 4,184 new vehicle registrations in the UK, indicating continued popularity of the model.
Ford's Puma continues to be the top-selling car in the UK, with 4,184 new registrations in May. This indicates the continued popularity of the model, which could have a positive impact on Ford's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tesla's UK registrations surged 13,656% YoY in May, driven by Model Y sales, indicating strong demand for the company's electric vehicles.
The massive increase in Tesla's UK registrations demonstrates strong demand for the company's electric vehicles, particularly the Model Y. This surge in registrations and the growing popularity of electric vehicles in the UK market could positively impact Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100