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Elon Musk predicts Tesla's Model Y—soon to be made in Austin—will be best-selling car in the world

Tesla reported a successful, record-breaking first quarter during an investors earnings call on Monday. (Tesla)

Despite production delays and global supply chain issues, Tesla broke records during the first quarter of 2021, producing and delivering more vehicles than ever before, according to an investors earning call on Monday.


"The demand is the best we've ever seen," CEO and new Austinite Elon Musk said, adding that the electric automaker's Model 3—which starts at $35,000—is now the best selling luxury sedan in the world, supplanting the BMW 3-Series.

Confident as ever, the upcoming Saturday Night Live host expects this success to continue, predicting that the Model Y—Tesla's midsize SUV, which starts at $46,690—will be "the best selling car or truck in the world" by next year.

In addition to these updates, Musk also said that construction of the Tesla Gigafactory in Southeast Travis County is moving along and expected to begin limited production of both the Model 3 and Model Y vehicles by the end of this year, with volume production to start in 2022. "We're building factories as quickly as we can," he said.

Tesla also addressed a recent fatal crash in the Woodlands, north of Houston, earlier this month. Two men died after their Tesla Model S veered off the road and hit a tree; the car then caught fire. Neither of the men were behind the wheel, leading officials to believe no one was driving at the time of the crash. Musk blamed "extremely deceptive media practices" for connecting the crash to Tesla's autopilot technology, which is currently under federal investigation.

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