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Elon Musk 'We Will Destroy Toyota'

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Traditionally, internal combustion engines from Toyota have dominated global sales, while electric cars were still relatively new to the market. However, the tides are turning, and for the first time ever, an all-electric vehicle has claimed the top spot in global sales rankings. Tesla's Model Y surpassed Toyota's best-selling models, the RAV4 and Corolla, to become the top-selling car worldwide in the first quarter of 2023. This huge Tesla news marks a turning point of no return.
What makes this achievement even more remarkable is the significant price difference between the Model Y and Toyota's offerings. With a starting price of $47,490, the Model Y is considerably more expensive than the Corolla ($21,550) and RAV4 ($27,575).
Analyst data from Jato Dynamics reveals the impressive performance of the Model Y in the first quarter of the year. It sold 267,200 units globally, outpacing the Corolla's 256,400 units and the RAV4's 214,700 units. This represents a remarkable increase of approximately 69 percent compared to the same quarter the previous year. Notably, the Model Y experienced substantial sales growth of 68 percent in the United States and became the top-selling vehicle in Europe.
In contrast, the Toyota Corolla, a long-standing favorite among consumers worldwide, saw a decline in sales. Despite offering a range of body types, including sedans, wagons, and hatchbacks, the Corolla recorded a downward trend with sales of 256,400 units. This includes a 29 percent drop in sales in China and a 10 percent decline in the United States.
Join us in this video as we delve into the changing dynamics of the global automotive industry and explore Elon Musk's ambitions to disrupt and "destroy" Toyota.
What makes this achievement even more remarkable is the significant price difference between the Model Y and Toyota's offerings. With a starting price of $47,490, the Model Y is considerably more expensive than the Corolla ($21,550) and RAV4 ($27,575).
Analyst data from Jato Dynamics reveals the impressive performance of the Model Y in the first quarter of the year. It sold 267,200 units globally, outpacing the Corolla's 256,400 units and the RAV4's 214,700 units. This represents a remarkable increase of approximately 69 percent compared to the same quarter the previous year. Notably, the Model Y experienced substantial sales growth of 68 percent in the United States and became the top-selling vehicle in Europe.
In contrast, the Toyota Corolla, a long-standing favorite among consumers worldwide, saw a decline in sales. Despite offering a range of body types, including sedans, wagons, and hatchbacks, the Corolla recorded a downward trend with sales of 256,400 units. This includes a 29 percent drop in sales in China and a 10 percent decline in the United States.
Join us in this video as we delve into the changing dynamics of the global automotive industry and explore Elon Musk's ambitions to disrupt and "destroy" Toyota.
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