The announcement doesn’t give much indication of the increase; for that we will probably have to wait for Tesla’s full financial results on April 19. But the news of the delivery numbers follows a series of price cuts in the US, Europe and Porcelain affecting various models across the Tesla range. In January, for example, Tesla cut the price of the long-range Model Y variant by 20 percent in the US.
The news of the deliveries comes after a turbulent time for Tesla’s share price, which fell from more than $360 a share last April to a low of around $113 in early 2023 (it has been trading near $200 more recently). Challenges include the risk of declining demand due to economic uncertainty, increased competition from legacy automakers, and an outdated lineup of consumer vehicles that has remained largely static since the Model Y’s introduction in 2020.
However, on the supply side, Tesla has been ramping up production. Figures from the China Passenger Car Association quoted by TechCrunch suggest that around half of Tesla’s Q1 cars may have been produced at its Shanghai factory, which open in 2019. The company officially opened new factories. near berlin and in Texas in March and April of last year, respectively, where production is also increasing. There are also plans to build a new factory in Monterrey, Mexico, Tesla confirmed last month.
Tesla CEO Elon Musk said in january that the company’s goal is to deliver 2 million vehicles in 2023, up from 1.3 million in 2022. But that 1.3 million number actually represents a missed target for Tesla, which had hoped to increase its deliveries last year. by 50 percent to 1.4 million. Analysts had expected about 1.8 million deliveries.
