Tesla confirms record Q1 2023 production and delivery numbers, beating expectations.
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Tesla confirms record Q1 2023 production and delivery numbers, beating expectations.

Tesla delivered 422,875 vehicles and produced 440,808 EVs in Q1 2023. The financial results for Q1 are set to be released on Wednesday, April 19.

Tesla announced its production and delivery numbers for the first quarter of 2023, confirming a new record quarter for both metrics and beating expectations.

Tesla delivered a total of 422,875 vehicles for the first three months of the year, which represents a 4% increase from the previous quarter and a whopping 36% increase from the same period last year. The production numbers for Q1 2023 were even higher, with Tesla producing 440,808 EVs during that time.

Breaking down the production numbers, the company produced 19,437 Model S/X vehicles and 421,371 Model 3/Y vehicles, bringing the total to 440,808.

In terms of deliveries, Tesla delivered 10,695 Model S/X vehicles and 412,180 Model 3/Y vehicles, resulting in a total of 422,875 vehicles delivered during Q1 2023.

It’s worth noting that Tesla’s Q1 2023 delivery and production numbers were lower than what Wall Street analysts had expected. According to a mean of estimates compiled by FactSet as of Friday, analysts were anticipating Tesla to report deliveries of around 432,000 vehicles for the quarter. Despite falling short of this figure, Tesla’s Q1 2023 delivery and production numbers were still impressive, particularly given the ongoing challenges facing the automotive industry.

One factor that likely contributed to Tesla’s strong performance in Q1 2023 was the ramp-up in production at its factories in Texas and Berlin, as well as the recovery of production in China following COVID-19 lockdowns. The company tweeted on Sunday that its Texas factory had built 4,000 Model Y vehicles in a week, while back in February, it announced that its German plant was producing 4,000 cars per week.

Tesla’s financial results for Q1 2023 are set to be released after market close on Wednesday, April 19, 2023. It will be interesting to see how these numbers compare to the company’s delivery and production figures and what impact they will have on Tesla’s stock price and overall outlook.

Also Read: Shell completes acquisition of Volta Inc., Boosting presence in US EV charging market.

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