Tesla delivered 412,180 Model 3 and Y vehicles and 10,695 Model S and Xs in the first quarter of 2023. Electrek reports a 36 percent year-over-year growth from the first quarter of 2022, a 4 percent increase from the last quarter, and a corporate record.
Tesla’s comprehensive financial statements on April 19th will likely reveal the rise. The delivery statistics follow a series of price decreases in the US, Europe, and China that affected Tesla’s models. For example, Tesla cut the US pricing of the long-range Model Y by 20% in January.
The deliveries come after Tesla’s share price fell from over $360 last April to roughly $113 at the start of 2023 (it’s been trading at closer to $200 lately). Challenges include economic instability, greater competition from legacy manufacturers, and an aged consumer car portfolio that hasn’t changed much since the Model Y’s 2020 launch.
Tesla has increased output. TechCrunch reports that the Chinese Passenger Vehicle Association estimates that half of Tesla’s Q1 cars were made at its 2019 Shanghai facility. In March and April 2018, the corporation launched additional plants in Berlin and Texas, where output is increasing. Last month, Tesla announced plans for Monterrey manufacturing.
In January, Tesla CEO Elon Musk stated the business would deliver 2 million vehicles in 2023, up from 1.3 million in 2022. Tesla had aimed to raise deliveries by 50% to 1.4 million last year, but it only delivered 1.3 million. Analysts wanted 1.8 million deliveries.
The Tesla Semi truck, which began deliveries in December, was not included in these data. Tesla’s long-awaited Cybertruck might begin production this summer, with commercial production starting next year. A new Roadster is also expected.
