Tesla’s (TSLA) Model Y has lost its long-held title of the world’s best-selling car, narrowly outpaced by Toyota’s (TM) RAV4. According to data from JATO Dynamics, the RAV4 outsold the Model Y by fewer than 2,000 units globally in 2024.
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Toyota’s return to the top reflects the popularity of its established models. Five of its vehicles, including the Corolla Cross, Corolla sedan, Hilux, and Camry, ranked in the global top 10. Also, TSLA’s Model Y was placed second, and the Model 3 came in ninth, showing that the battle between EVs and traditional cars is heating up.
Key Factors Behind TSLA’s Slide
Several factors contributed to Tesla’s slide from the top spot. A mid-year production pause to introduce a refreshed version hurt delivery volumes, while CEO Elon Musk’s political involvement and controversial public statements reportedly stirred backlash among some…
