Tesla reported delivery of an impressive 466,140 vehicles in Q2 2023, well above analysts' expectations. The company produced 479,700 vehicles, underlining the increase in its factories' productivity.
Tesla has set a new quarterly delivery record. In the second quarter of 2023, the company was able to deliver 466,140 vehicles. Analysts expected delivery of about 446,000 vehicles and again underestimated the manufacturer. Of the 466,140 delivered vehicles, 446,915 were Model 3/Y and 19,225 were Model S/X. Tesla set its previous record in Q1 2023 with 422,875 vehicles delivered.
Tesla was able to achieve high levels of deliveries due to a number of factors. First of all, the company skillfully prioritized and formed the right policy at a time when the market was suffering from macroeconomic factors. Thanks to high margins, Tesla was able to carry out several rounds of price cuts. This, in turn, ensured a high demand for its cars.
Tesla reported the production of 479,700 electric vehicles in Q2 2023, which is also a new production record. This underscores that Tesla's production capacity expansion is proceeding at a steady pace, ensuring its continued growth. Of the 479,700 cars produced, 460,211 were Model 3/Y and 19,489 were Model S/X.
© 2023, Eva Fox | Tesmanian. All rights reserved.
We appreciate your readership! Please share your thoughts in the comment section below.
About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.