Tesla's Model Y has recently lost its title as the world's best-selling car to the Toyota RAV4, which outsold it by only 2,000 units. Toyota regained the top position and placed five models in the top 10, including the Corolla Cross and Camry. Despite a 13% decrease in sales, Tesla's stock increased by 5%. Additionally, 19% of new car loans now cost buyers over $1,000 monthly, signalizing significant financing challenges in the market.
Tesla's Model Y, once the world's best-selling car, has been dethroned by the Toyota RAV4, which outsold it by a mere 2,000 units.
In the latest rankings, Toyota secured five models in the top 10, including the RAV4, Corolla Cross, Corolla, Hilux, and Camry.
Despite a 13% decline in sales, Tesla's stock rose 5% in a remarkable display of market resilience and investor confidence.
New data reveals that 19% of new car loans exceed $1,000 monthly, reflecting rising costs in the automotive financing market.
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