4u Created
Image default
Business

Tesla’s Model Y tops new car registrations in Europe in September



© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS

(Reuters) – Tesla (NASDAQ:) Inc’s Model Y topped new vehicle registrations in Europe last month, market research data showed, indicating that the mid-sized SUV from the world’s most valuable automaker is fast-becoming a vehicle of choice in the region.

This is the first time that Tesla’s sports utility vehicle has led the rankings in Europe, London-based JATO Dynamics said on Wednesday as 29,367 Model Y cars were registered last month, up 227% from last year.

Supermini car Peugeot (OTC:) 208 was at the second spot and Renault (EPA:)’s Dacia Sandero came third in the September rankings.

The Model Y is one of the most successful cars from Tesla, which has produced 879,346 units so far this year compared to 906,032 units in all of last year.

The sales surge for Tesla’s Model Y underscores its effort to ramp up production at its plant in Berlin, Germany, which opened in March and now produces 2,000 cars per week.

Earlier this month, Tesla had warned of logistical challenges are likely to hamper vehicles deliveries in the near term.



Source link

Related posts

US West faces power reliability issues from growing use of renewables By Reuters

Liquid staking is key to interchain security By Cointelegraph

Uber call put ratio 3.8 calls to 1 put with focus on September weekly calls