Tesla Delivers A Record 466,140 Vehicles In Second Quarter After Price Cuts

U.S automaker Tesla delivers a record 466,140 Electric Vehicles in second quarter of 2023 after price cuts.

This figure (+83%) outperforms analysts surveyed by Bloomberg, expected a shipment of 448,350 cars.

In Q2, Tesla produced 479,700 vehicles, including 19,489 model S/X cars and 460,211 model 3/Y cars.

Despite the record sales, Tesla still fell well behind Chinese rival BYD, which sold more than 700,000 units in Q2. 

U.S. Electric Car Maker, Tesla has announced it delivered a record 466,140 vehicles in the second quarter of 2023 after cutting the prices of its vehicles in a bid to boost sales.

This figure is up 83% compared with the same period a year earlier. It outperforms analysts surveyed by Bloomberg, which expected Tesla to ship 448,350 cars in the quarter.

• See Also : NNPCL To Install Electric Vehicle Charging Ports Across Its Filling Stations Nationwide

In 2nd Quarter, Tesla produced 479,700 vehicles, including 19,489 model S/X cars and 460,211 model 3/Y cars. During the same period last year, Tesla produced 258,580 vehicles.

But despite the record sales, Tesla still fell well behind Chinese rival BYD, which sold more than 700,000 units (700,244 vehicles) in the second quarter, double the amount on an annual basis.

“Tesla delivered a record number of cars worldwide in [the second quarter] … as Elon Musk is aggressively cutting prices to boost volume. It looks like it is paying off,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

“The latest figures will likely keep Tesla shares on a positive path to challenge the $280 level again. But competition is not far. The Chinese BYD did better than Tesla, selling more than 700,000 cars last quarter, its best ever quarter as well.”

• See Also : Toyota RAV4 And Corolla Were The Best-selling Car Models In 2022, Here Are The Top 10