Tesla Inc., the leading electric vehicle (EV) manufacturer, has announced its production and delivery results for the second quarter of 2023. According to the report, Tesla produced nearly 480,000 vehicles and delivered over 466,000 in the same quarter.
Breakdown of Q2 2023 Production and Delivery Results
The breakdown of the production and deliveries shows that the lion’s share of the figures comes from the company’s more affordable and mass-market models. The Model 3 and Model Y vehicles together account for a staggering 460,211 units of production, with a slightly lower delivery figure at 446,915 units. These models represent the backbone of Tesla’s strategy, with their more accessible price points driving up sales and helping to popularize electric vehicles across global markets.
In comparison, the higher-end Model S and Model X lines saw a total production of 19,489 vehicles, with deliveries reaching 19,225 in the second quarter. Approximately 8% of these deliveries were subject to operating lease accounting.
In total, Tesla produced 479,700 vehicles and delivered 466,140 vehicles in Q2 2023.
Q2 2023 Financial Results and Q&A Webcast
Tesla is scheduled to post its financial results for Q2 2023 after the market closes on Wednesday, July 19, 2023. The announcement will be followed by the release of an advisory containing a link to the detailed Q2 2023 update, which will be accessible on Tesla’s Investor Relations website.
Additionally, the management will hold a live question and answer webcast at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the company’s financial and business results and provide an outlook for the future.
The webcast will be available both live and in replay form at https://ir.tesla.com. An archived version of the webcast will be posted on the Company’s website approximately two hours after the session concludes.
Cautionary Note on Results
It should be noted that these delivery figures represent only one measure of Tesla’s financial performance. The company’s quarterly financial results depend on a variety of factors, including the cost of sales, foreign exchange movements, and the mix of directly leased vehicles.
Full details of Tesla’s net income and cash flow results will be announced along with the rest of its financial performance during the Q2 earnings announcement.
For further updates and information, interested parties can visit https://ir.tesla.com.
