Tesla announced its Q2 2023 vehicle production and delivery numbers, exceeding expectations and impressing analysts. The company produced nearly 480,000 vehicles and delivered over 466,000, with the majority of production and deliveries being the Model 3 sedan and Model Y crossover. Tesla does not break out its deliveries by individual model or region.
During the second quarter of last year, Tesla reported 254,695 deliveries, and in the first quarter of 2023, Tesla reported 422,875 deliveries. During the second quarter of 2022, Tesla produced 258,580 vehicles and last quarter it produced 440,808 vehicles. Deliveries are a carefully watched number by Tesla shareholders and are the closest approximation of sales disclosed by the company.
Tesla is also expanding its production capacity. The company is building a new factory in Austin, Texas, and is planning to start production at a new factory in Berlin, Germany, later this year. The strong demand for Tesla’s electric vehicles is a positive sign for the company’s future. Tesla is the leader in the electric vehicle market, and it is well-positioned to continue to grow in the years to come.
Tesla’s success in Q2 2023 is a testament to the company’s resilience in the face of supply chain challenges and semiconductor chip shortages. The company’s ability to continue producing and delivering vehicles at such a high rate is a testament to its commitment to innovation and excellence.