Tesla, Model Y and Budget Car
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The Tesla Model Y was the world’s best-selling car in 2023 and 2024, and there’s good reason why. The Tesla Model Y recently launched in India at a price of Rs 59.89 lakh for the standard rear wheel drive version and Rs 67.
In 2020, Tesla controlled nearly 80% of the U.S. market, based on data from Experian. By 2022, that was down to 65.4%, followed by 55% in 2023. This year, per Cox Automotive, that share continues to decline, hovering around 45% as of July 11.
It’s easy to hero-worship Tesla cars or be dismissive of them as hype. Driving one put me firmly in the middle.
Though the criteria for the Insurance Institute for Highway Safety’s highest honor are more strict, both the Tesla Model Y and Volvo XC90 Plug-in Hybrid SUVs have earned the agency’s highest honor, Top Safety Pick+.
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Tesla's long-anticipated affordable model is not the scrapped $25,000 Model 2, but a cheaper version of the Model Y, revealed in their latest earnings call.
Gary Black believes Tesla's affordable Model Y trim level offers no 'incremental volume' and may cannibalize higher-priced models.
Tesla says it has started production of a more affordable model and expects volume production in the second half of the year. The company reported the steepest decline in quarterly revenue in more than a decade,