🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Tesla's Model Y tops new car registrations in Europe in September - report

Published 2022-10-27, 07:51 a/m
© 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
TSLA
-

(Reuters) - Tesla Inc (NASDAQ:TSLA)'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 208 was at the second spot and Renault (EPA:RENA)'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.

© 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

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.