Tesla has shared his . And in a repeat of its , the automaker set a new delivery record but fell short of Wall Street estimates. Tesla announced Sunday that it delivered 422,875 EVs during the first three months of the year. It produced 440,808 vehicles during that same period, another record for the company.
Heading into the weekend, independent analyst Troy Teslike the company was on track to deliver 427,000 vehicles in the first quarter of the year. The company’s final tally represents a 36 percent increase from the 310,048 deliveries it announced during this time last year. It’s also a four percent increase from the 405,278 deliveries it reported in the last quarter of 2022.
Hello everyone. Tesla just reported 422,875 deliveries in Q1 2023, which is a new record compared to 405,000 in Q4 2022. Congratulations to the Tesla team.
My error rate was +1.2% for production and +1.0% for deliveries. I’m happy with that. pic.twitter.com/uGEyxztQVc
—Troy Teslike (@TroyTeslike) April 2, 2023
Unsurprisingly, the Model 3 and Model Y made up the bulk of Tesla’s deliveries in the first quarter of 2023, with 412,180 of those vehicles reaching customers before the end of March. Comparatively, Tesla’s most expensive Model S and Model X cars accounted for a modest 10,695 deliveries during the same time period. That’s a drop from the 17,147 Model S and Model X vehicles it delivered last quarter.
It will be interesting to see how Tesla’s latest delivery numbers affect the company’s bottom line. In the first three months of the year, Tesla aggressively slashed prices on most of its lineup. In January, for example, it went from $65,990 to $52,990, and then less than a month later. Most recently, the automaker slashed the price of Model S and X vehicles by . Tesla will release its full first-quarter results on April 19
