SHANGHAI, CHINA – SEPTEMBER 6: Aerial view of Tesla cars waiting to be loaded on a roll-off cargo ship at Nangang Port in Shanghai, China, on September 6, 2023. (Photo credit: VCG/VCG, Getty Images)
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Tesla The third season was announced Vehicle Production and Delivery Report Monday 2023.
Here are the key figures from the electric car maker:
Total vehicle deliveries in the third quarter of 2023: 435,059
Total production in Q3 2023: 430,488
Last quarter, Tesla reported total vehicle deliveries of 466,140 vehicles and total production of 479,700 vehicles. During the same period in 2022, Tesla reported total vehicle production of 365,923 vehicles and delivery of 343,830 vehicles.
“As discussed on the most recent earnings call, the sequential sales decline is due to planned shutdowns for factory upgrades,” the company said. “Our 2023 sales target of approximately 1.8 million vehicles remains unchanged.”
Tesla shares fell about 3.7% in pre-market trading.
During its last earnings call in July, Chief Executive Elon Musk warned that Tesla would “continue to target a delivery target of 1.8 million vehicles this year,” but expected third-quarter production to fall due to ” It declined slightly due to the summer shutdown for extensive factory upgrades.
The company still hasn’t reported production or delivery numbers of its Class 8 electric Semi truck, but it has delivered some trucks to early customer PepsiCo, which is using all-electric trucks for some deliveries.
Wall Street expects Tesla to deliver 461,640 vehicles through September 30, according to the consensus of analysts surveyed by StreetAccount.Tesla independent researcher, using controller Troy Teslick On social media, deliveries were expected to be 441,000 units.
Tesla investor relations chief Martin Viecha sent the company-prepared consensus to select investors, some of whom social media. The numbers showed Wall Street expecting total deliveries of about 455,000 vehicles, with the median delivery rate for the quarter at 453,128 vehicles based on estimates from 25 analysts.
Tesla breaks deliveries into two categories: Model S and X vehicles and Model 3 and Y vehicles, but does not report numbers for single models or specific regions. Deliveries are closest to the company’s reported vehicle sales.
Tesla slashed prices on inventory and existing models in the third quarter, putting pressure on rivals to follow suit.
Tesla also launched a revamped version of its Model 3 sedan, called Highland, with new exterior and interior features and started selling it in some regions outside the United States. The updated Model 3’s interior includes touchscreen displays for rear-seat passengers and passengers. Ventilated seats etc. The car is sold with a remote battery option that can travel approximately 390 miles (or 629 kilometers) per charge.
In August, former Zachary Kirkhorn announced his resignation as chief financial officer, and the company said chief financial officer Vaibhav Taneja would now hold both positions. Tesla’s next earnings call will be Taneja’s first as chief financial officer.
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