Tesla Fourth quarter auto production and deliveries just announced 2023 report. Here are the key numbers:
Total deliveries in Q4 2023: 484,507
Total Q4 2023 production: 494,989
Total annual deliveries in 2023: 1,808,581
Total production in 2023: 1,845,985
In 2022, the Musk-led automaker reported annual electric vehicle deliveries of 1.31 million vehicles and production of 1.37 million vehicles. New data shows that deliveries are up 38% year-on-year and production is up 35% year-on-year. In 2022, the company’s deliveries will increase by 40% compared with 2021.
At its last earnings call in October 2023, Tesla executives provided guidance for the company to deliver at least 1.8 million vehicles for the full year, a number they lowered from the previous target of 2 million vehicles.
Analysts had expected Tesla to report year-end quarter deliveries of 477,000 vehicles, according to consensus estimates compiled by StreetAccount as of Dec. 28. Deliveries are the closest value to Tesla’s reported sales, but the company’s shareholders don’t exactly define deliveries in communications.
During Tesla’s third-quarter earnings call in October, Musk said the company’s Model Y entry-level SUV will likely become this year’s “best-selling car on the planet, not just in terms of revenue, but also in terms of unit sales.” aspect”. Tesla does not break out delivery and production figures by individual models, but reports the following combined figures:
Tesla produced 476,777 Model 3 and Model Y vehicles this quarter and delivered 461,538 of these models. It does not break down the production or delivery numbers of Model S or X, but instead groups them into “other models” in batches. During the quarter, 18,212 other models were produced and 22,969 units were delivered.
In the last quarter of 2023, Tesla sold an updated version of the entry-level Model 3 sedan (Highland) in some markets. In December, the company began delivering small numbers of its latest electric vehicle, the angular and controversial Cybertruck, in the U.S.
Tesla did not disclose specific data for Cybertruck and Semi. The Semi is a heavy-duty commercial truck that has so far been produced in small batches at Tesla’s battery factory outside Reno.
Tesla also slashed prices in global markets in the last quarter of 2023, a strategy in response to what Tesla Chief Financial Officer Vaibhav Taneja called in the company’s October earnings report “a period of economic uncertainty, rising interest rates and A period of changing consumer sentiment.” call.
Tesla’s biggest rivals on the world stage are Chinese automakers BYDSales of new energy vehicles in 2023 will be 3.02 million, including 1.6 million pure electric passenger cars and 1.4 million hybrid models.
Some former and potential Tesla customers have announced plans to avoid buying from the company in response to Musk and his frequent incitements on X (formerly Twitter, the social media platform he now owns) and other public speaking events. Sexual remarks. In November, for example, the White House published a series of posts on X accusing Musk of promoting “anti-Semitism and racist hatred,” something Musk later regretted.
However, Tesla is launching an advertising campaign in the second half of 2023, after previously eschewing advertising in favor of non-traditional marketing efforts such as events, giveaways and interactions with social media influencers.
Tesla currently operates two vehicle assembly plants in the United States and two overseas factories in Shanghai and Brandenburg, Germany. It also owns a battery factory in Sparks, Nevada, and other facilities that produce household or utility spare parts, charging stations, and more. Equipment and large battery factories. Scale energy storage. The company announced in March that it also plans to build another car factory in Nuevo León, Mexico.
On the company’s last earnings call, when asked about the 2024 delivery outlook, Musk said: “At the risk of stating the obvious, you can’t maintain a 50% compound growth rate forever or you’ll exceed the 2024 delivery outlook we know. The universe is known. But I think we’re going to grow very rapidly, much faster than any other car company on the planet to date.”
Taneja said at the time that Tesla was focused on “growing sales in a very cost-effective way” and would provide 2024 guidance on its next earnings call.
Tesla plans to discuss fourth-quarter results on January 24, 2024 at 5:30 pm ET.
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