The numbers are in for Europs. we still do not have it from the US and China.
In this video, I discuss the numbers came out for Europe during the first half of the year. The Model Y was the best selling automobile in the first half of the year in Europe. This is something that comes on the back of it being the best selling auto in the world during the first quarter. When the numbers are in, it will likely be the case for the entire first half.
▶️ 3Speak
Summary:
In this episode, the speaker discusses the surprising success of the Tesla Model Y as the best-selling car in Europe for the second quarter of the year and the first half of 2023. He highlights how the Model Y's demand has skyrocketed despite being a relatively new product compared to longstanding popular vehicles like the Toyota Corolla and Volkswagen Golf. The speaker predicts that Tesla's future Model 2 or similar mass-market vehicle priced around $25,000 will further revolutionize the automobile industry and attract a broader customer base beyond current Tesla owners. The potential impact of this new model on Tesla's existing sales is also explored, with considerations for cannibalization among their own models like the Model Y and Model 3.
Detailed Article:
In the video, the speaker points out the remarkable achievement of the Tesla Model Y becoming the best-selling car in Europe for the second quarter of the year and the first half of 2023. He notes that the Model Y's success has surpassed traditional top-sellers like the Toyota Corolla and Volkswagen Golf, despite being a relatively new entrant in the market, having been introduced in 2020 or 2021. This success signifies a shift in the industry, with Tesla leading not only among electric vehicles but also the broader automobile market.
The speaker emphasizes that the demand for the Model Y shows no signs of slowing down, indicating a promising future for Tesla. He mentions that while the Model 3 is performing well, it is not in direct competition for one of the best-selling vehicles. Instead, he envisions a new era for Tesla with the upcoming mass-market vehicle, tentatively named the Model 2, priced at around $25,000. This move towards a more affordable price point is expected to expand Tesla's reach beyond its current niche market of premium vehicles.
The speaker speculates on the potential impact of the Model 2 on Tesla's sales, considering factors such as production volume and cannibalization of existing models like the Model Y and Model 3. He believes that the mass market for Tesla lies not within its current customer base but among traditional automakers like Toyota, Honda, Kia, Ford, Volkswagen, and General Motors. By targeting this segment, Tesla aims to solidify its position as a dominant player in the industry.
In conclusion, the speaker leaves viewers with a thought-provoking question about Tesla's future prospects: what will happen when the company releases a vehicle that is significantly cheaper, potentially 30%, 40%, or even 50% less expensive than the Model Y? This raises expectations for Tesla's upcoming models and their impact on the market. Overall, the episode highlights Tesla's current success, future market strategies, and the potential game-changing role of more affordable mass-market vehicles in reshaping the automotive industry.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.
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