Tesla beats target of 1.8 million vehicles for 2023

Tesla reports new production and delivery records in the fourth quarter of 2023, almost hitting the 500,000 mark. The electric car manufacturer thus slightly exceeded its target of 1.8 million vehicles for 2023.

Image: Tesla

Specifically, Tesla produced 494,989 electric cars and delivered 484,507 in the final quarter. Both are record figures. In the third quarter, Tesla “only” manufactured 430,488 and delivered 435,059 electric vehicles. The manufacturer justified this three months ago with “scheduled production pauses due to factory modernisations.” The most successful quarter to date in terms of production and vehicle deliveries was the second quarter of 2023, with 479,700 Teslas built and 466,140 delivered.

A look at the model series also reveals the usual breakdown in the fourth quarter, with Model 3/Y as volume models accounting for the lion’s share of sales. The carmaker built 476,777 Model 3 (in Fremont and Shanghai) and Model Y (in Fremont, Austin, Shanghai and Grünheide) and delivered 461,538 units. On the other hand, it manufactured only 18,212 Model S and Model X built exclusively in Fremont, delivering 22,969 in Q4 in the premium segment.

For 2023, Tesla produced 1,775,159 and delivered 1,739,707 Model 3 and Model Y vehicles. The upper-class duo Model S and Model X totalled 70,826 units built and 68,874 units delivered. That makes a total of 1,845,985 cars built and 1,808,581 delivered.

For comparison, a year ago, Tesla reported 1,369,611 vehicles built and 1,313,851 vehicles delivered in 2022. The increase from 2022 to 2023 therefore amounts to 34.8 per cent in production and 37.7 per cent in deliveries. In 2021, Tesla fell just short of the one million vehicle mark – in the end, the statistics showed 930,422 vehicles built and 936,172 vehicles delivered.

Tesla only rarely comments on current developments in the decidedly brief announcements on delivery and production figures – this time, too, reference is made to the business figures for the fourth quarter and the 2023 balance sheet, which Tesla intends to publish on 24 January 2024 after the US stock exchange closes. It will be followed by the usual conference call with top management, in which Elon Musk and other managers will comment on current developments.



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