In August 2022, Elon Musk, CEO of Tesla, made a prediction that seemed completely far-fetched: by 2022, the Model Y will be the most profitable car in the world, and by 2023, the best-selling car in the world. there is no arrival of full autonomous driving, but it is really being carried out.

He Tesla Model Y had excellent market performance in 2022, being third best selling car in the world. This is evidenced by the latest ranking with 500 models with the best commercialization over the past year. The electric crossover has made a dramatic jump up the list as it was ranked 19th in the 2021 edition.

A report prepared by analyst Felipe Munoz indicates that Tesla sold 747,500 Model Y units in 2022.. This was an increase 91% compared to the previous year, as well as being recognized as the most successful electric car in the world.

There were no surprises in the first two places of the ranking of the best-selling cars of 2022. The Toyota RAV4, also known as the Wildlander in China, is back at the top with 1,015,700 units sold. Although this represents a 10% drop from the previous year. While the Toyota Corolla was second with 991,600 units, also losing 10% year on year.

It should be noted that model Y It wasn’t the only Tesla car in the top 10. from the list of vehicles with the highest commercialization in the world. The Model 3 came in tenth place with 482,200 units sold, down 3% from 2021 when it was ninth.

This is in line with Musk’s first prediction. Toyota ranks first and second in the ranking of the best selling cars in the world, but its cars have a minimal profit margin. Instead, with 747,500 units sold, Tesla Model Y This is definitely the most profitable car in the world in 2022.

A milestone that in 2020, even in 2021, it sounded completely crazy. Toyota seemed impossible to sell, but even with the highest prices ever for a car, it managed to rank third in global car sales.

Tesla Model Y became the world’s best-selling electric car in 2022.

Tesla Model Y became the world's best-selling electric car in 2022.

The surge in global Tesla Model Y sales in 2022 is also notable in an international context. The report indicates that new car sales last year were 2% lower than in 2021, reaching 79.4 million units.

Supply chain issues caused by woodchip shortages coupled with the war in Ukraine have been the deciding factors for the automotive market in 2022. Something that had a big impact on North America, especially the United States and Canada, and Europe.. Meanwhile, in China, sales also stalled; something logical if we also consider the effects of the sanitary restrictions due to COVID-19, which persisted until the end of last year.

Back to Tesla, it’s no surprise that the Model Y is one of the top three best-selling cars in the world. In 2022, Elon Musk produced 1,369,611 electric vehicles, of which 1,313,851 were delivered to customers.

Of the total units produced, 1,298,434 corresponded to Model 3 and Model Y.and the remaining 71,177 were from Model S and Model X. In terms of supply, on the other hand, 1,247,146 were from Model 3 and Model Y.and 66,705 Model S and Model X vehicles.

2023 is a year of great expectations

Tesla Model Y
Photo by Tyler Casey

Tesla Model Y expectations for 2023 are even more interesting. Recall that this model won – along with model 3 – a sharp drop in its price in the first days of the year. And in April last year, Elon Musk again reduced prices for some versions of both models in Spain. Benefits that can also be supplemented by government assistance under the MOVES plan. In addition, in Spain the car is offered with particularly attractive financing.

In fact, the beginning of the new year was really interesting for Tesla, which once again broke quarterly delivery records. Between January and March, 440,808 units of electric vehicles were produced, of which 421,371 were Model 3 and Model Y. While out of 422,875 deliveries, 412,180 corresponded to the aforementioned models.

If Tesla’s sales numbers, especially the Model Y’s, continue this trend, it’s highly likely that the car will end up in second and even first place in the 2023 bestseller rankings. Thus, Elon Musk’s second prediction will come true.

YouTube video

10 best selling cars in the world in 2022

Position Make and model Units sold
1 Toyota RAV4/Wildlander 1,015,700 (-10% compared to 2021)
2 Toyota Corolla/Corolla Levin 991 600 (-10%)
3 Tesla Model Y 747 500 (+91%)
4 Honda CR-V/Breeze 733,300 (-18%)
5 Toyota Camry 673,300 (-1%)
6 Toyota Hilux 632 500 (+13%)
7 Nissan Sentra/Sylphy 566,500 (-18%)
8 Toyota Corolla Cross/Frontlander 530 300 (+221%)
9 Ford F-150 525 100 (-5%)
10 Tesla Model 3 482,200 (-3%)

Source: Hiper Textual

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I'm Blaine Morgan, an experienced journalist and writer with over 8 years of experience in the tech industry. My expertise lies in writing about technology news and trends, covering everything from cutting-edge gadgets to emerging software developments. I've written for several leading publications including Gadget Onus where I am an author.

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