Tesla, the American electric vehicle and clean energy company, announced on April 2, 2023, that it produced over 440,000 vehicles and delivered over 422,000 vehicles in the first quarter. The company’s quarterly production and delivery figures show a 5% increase, compared to the same period in the previous year.
The production figures were divided between Model S/X and Model 3/Y vehicles, with the former accounting for 19,437 units, while the latter accounted for 421,371 units. On the other hand, the delivery figures showed a similar trend, with Model S/X accounting for 10,695 deliveries, while Model 3/Y vehicles accounted for 412,180 deliveries. It is also noteworthy that 10% of the Model S/X deliveries are subject to operating lease accounting.
According to the statement, the company continued to transition towards a more even regional mix of vehicle builds, including Model S/X vehicles in transit to EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific). This strategy is aimed at achieving a balanced mix of production and deliveries, as Tesla expands its global footprint.
Tesla’s financial results for the first quarter of 2023 are expected to be released on Wednesday, April 19, 2023. The company will issue an advisory containing a link to the Q1 2023 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
It is worth noting that Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements, and the mix of directly leased vehicles.
