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Tesla Reported 485,000 Deliveries in the Q4, Reaching 1.8 million for 2023

Tesla just released its report on the manufacturing and delivery of its 2023 fourth-quarter vehicles. The important figures are as follows:

484,507 deliveries overall in Q4 of 2023
Q4 2023 total production: 494,989
1,808,581 total yearly deliveries in 2023
Production total for 2023: 1,845,985

The manufacturer headed by Elon Musk stated in 2022 that it produced and delivered 1.37 million electric cars annually. The updated figures show a 38% increase in deliveries and a 35% increase in production over the previous year.The firm reported a 40% year-over-year increase in deliveries from 2021 to 2022.

Executives at Tesla provided guidance during the firm’s most recent earnings call in October 2023, indicating that the business would achieve at least 1.8 million deliveries for the entire year. Earlier, they had lowered this aim down from two million.

Based on a consensus of predictions provided by StreetAccount as of Dec. 28, analysts had anticipated that Tesla would post deliveries of 477,000 for the year-ending quarter. Although deliveries are not clearly defined in Tesla’s shareholder communications, they are the closest approximation to sales that the business reports.

Tesla CEO Elon Musk predicted that the company’s Model Y entry-level SUV will likely “be the bestselling car on Earth, but not just in revenue, but in unit volume” for the year during a third-quarter results call in October. Instead of providing delivery and production figures by model, Tesla has released aggregate figures for:

Throughout the quarter, Tesla produced 476,777 Model 3 and Model Y automobiles, of which it reported 461,538 deliveries. Instead of breaking down delivery or production data for the Model S or X, it grouped them together under “Other Models.” Throughout the quarter, it shipped 22,969 and developed 18,212 additional models.

In certain areas, Tesla offered its updated Model 3 sedan, known as the Highland model, for sale in the final quarter of 2023. The business started delivering a limited quantity of its newest electric vehicle (EV), the sharp and contentious Cybertruck, in the United States in December.

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