Tesla Q2 2023 Hits Record Production and Deliveries

Tesla announced on Sunday record-breaking production and deliveries for the second quarter of 2023. The company produced nearly 480,000 vehicles and delivered more than 466,000 during the period—new records for Tesla.

Here’s the breakdown:

• Model S/X: Production stood at 19,489 with 19,225 deliveries, 8% of which were subject to operating lease accounting.
• Model 3/Y: Production for these models reached 460,211 with 446,915 deliveries. 5% were under operating lease accounting.
• Total: In all, Tesla produced 479,700 vehicles and completed 466,140 deliveries

Just take a look at this 12-month trailing growth chart from James Stephenson and also cumulative production to date:

🥂 $TSLA pic.twitter.com/BMtuXtLY5U

— James Stephenson (@ICannot_Enough) July 2, 2023

Tesla’s record-breaking second-quarter delivery figures suggest that the company’s strategic price cuts are effectively driving sales in both the US and international markets.

However, there are ongoing concerns about the potential impact of these cuts on the company’s profit margins. Additionally, the second quarter also saw Tesla benefit from federal support, as all trims of its Model 3 and Model Y became eligible for the full $7,500 federal tax credit in the U.S.

Tesla also announced that its financial results for Q2 2023 will be posted after market close on Wednesday, July 19, 2023, with a live Q&A to take place at 5:30pm ET.