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Tesla has recently unveiled its production and delivery figures for the fourth quarter of 2023, as well as the overall results for the entire year. The company reported a substantial increase in both production and deliveries, showcasing its continued growth and impact on the electric vehicle market.
Q4 2023 Highlights
In the fourth quarter alone, Tesla managed to produce an impressive 495,000 vehicles and delivered over 484,000 units. This reflects the company’s commitment to meeting the growing demand for its electric vehicles.
Annual Performance
Looking at the full-year performance in 2023, Tesla delivered a total of 1.81 million vehicles, marking a remarkable 38% year-over-year increase. On the production front, the company achieved a total of 1.85 million vehicles, demonstrating a significant 35% year-over-year growth.
Model Breakdown
Breaking down the production and delivery numbers by model, the Model 3 and Model Y contributed substantially, with 1,775,159 units produced and 1,739,707 units delivered. Other models accounted for 70,826 units produced and 68,874 units delivered. The combined total for all models reached 1,845,985 units produced and 1,808,581 units delivered.
In Q4, we produced approximately 495k vehicles & delivered over 484k vehicles.
— Tesla (@Tesla) January 2, 2024
Full year 2023
Deliveries: 1.81 million (+38% YoY)
Production: 1.85 million (+ 35% YoY)
Our Q4 Earnings Call will be streamed live on X on January 24 at 4:30pm CT
→ https://t.co/vWPOkQVGmV
#Cybertruck Impact
A notable change in Tesla’s reporting approach occurred with the introduction of the Cybertruck. Previously, Model 3 and Model Y were presented together, while Model S and Model X were in a separate category. With the Cybertruck deliveries commencing in late November, Tesla now combines the Model S and Model X figures with all other vehicles. Elon Musk hinted that the delivery numbers for Cybertrucks and Model S/X are in the hundreds, emphasizing the need for enthusiasts to stay tuned for more precise figures.
Achieving Goals and Challenges
Tesla expressed ambitious goals for 2023, aiming to deliver 1.8 million cars, with a best-case scenario of up to 2 million. However, due to maintenance issues in Q3 affecting production lines, Tesla had to revise its numbers. Despite these challenges, the company produced 494,989 vehicles in a single quarter, reaching an all-time high. This quarterly production is comparable to Tesla’s total deliveries in the entire year of 2020, which stood at 499,550.
Future Prospects
Tesla’s current production facilities include Fremont, Giga Shanghai, Giga #Texas, and Giga Berlin. The latter is still ramping up production, operating at around 60% of its intended capacity. With these facilities in play, Tesla is poised for substantial growth in #2024, maintaining its trajectory as a key player in the electric vehicle industry. The company’s commitment to innovation and expansion sets the stage for continued success in the years to come.
Source: Post from Tesla about record delivery numbers.
Further Reading...
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As of: 2024-05-04 08:12
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Net Worth 🥈
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As of: 2024-05-04 08:12
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