Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday as some expect the cheaper car to help the company hit its goal to increase deliveries by up to 30% this year.

According to Semafor, the Tesla Model Y was the best selling EV in the world during the first half of 2024, which put it well ahead of China-based BYD’s Song. The Model Y had sales of 546,000 during the period.

Americans will be able to get their hands on a revamped version of the Tesla Model Y from March. The Model Y Juniper will cost buyers $59,990—about 25% more than the previous version—and will feature Tesla’s full self-driving software,