Tesla Model Y Crosses 2 Million Sales Milestone, Poised To Outsell Model 3 As Bestselling EV
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) has reached a milestone with its Model Y, surpassing two million unit sales in just three and a half years. The Model Y is now one of the bestselling electric vehicles in the world and is poised to outsell the Model 3 in the current fourth quarter. Tesla is guiding to 1.8 million units sold for the full fiscal year and aims for 50% annual production growth. The company's highly anticipated Cybertruck electric pickup is nearing its delivery milestone.
October 10, 2023 | 9:54 pm
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Tesla's Model Y surpasses two million sales, potentially boosting the company's stock. The upcoming Cybertruck could also positively impact Tesla's performance.
The news of Tesla's Model Y surpassing two million sales is a significant milestone that demonstrates the company's dominance in the electric vehicle market. This could potentially attract more investors, driving up the stock price. The upcoming Cybertruck, which is highly anticipated, could also positively impact Tesla's stock.
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