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In 2025, the Tesla Model Y remained the best-selling battery-electric car model in the United States at approximately ** units. This was a decrease from the previous year, where the company sold around *** thousand units.

Strong electric vehicle market

Tesla generated over ** U.S. dollars in revenue in the United States alone in the 2024 fiscal year. The demand for electric vehicles is projected to rise over the next two decades, with worldwide revenues estimated to grow from *** U.S. dollars in 2023 to nearly ** U.S. dollars in 2029. Similarly, the number of battery electric cars in use reached around units in 2024. 

Demand growth

Subsidies, infrastructure improvements, as well as the level of gasoline prices in many countries continue to influence demand for electric vehicles. In 2022, around ***vehicles were registered overall in the United States. However, while passenger car demand is expected to slow down in the United States from 2026 to 2029, down from ** sales to some **, projections for the electric vehicle market paint a different picture. Due in part to the forecasted increase in popularity of battery-electric vehicles, the overall electric vehicle market is expected to maintain a consistent growth through 2029.