Tesla shipped a document variety of electrical autos within the fourth quarter to assist it edge out its targets for the yr. The corporate delivered 1.81 million EVs in 2023 and constructed 1.85 million, in accordance with a Tuesday morning press release.
These figures had been barely above the 1.8 million aim Tesla introduced at first of this yr, and had been overwhelmingly pushed by the corporate’s most reasonably priced EVs, the Mannequin 3 and Mannequin Y. The 2 fashions accounted for greater than 96% of the autos Tesla constructed and shipped this yr.
Tesla constructed practically 500,000 vehicles within the fourth quarter alone at its factories in California, Texas, Germany and China, and delivered 484,507 worldwide. That features the primary few Cybertrucks, which began shipping late last year at a price ticket of round $100,000. However we don’t know precisely what number of Cybertrucks the corporate has despatched to clients up to now as it’s lumping in these figures with Mannequin S and X gross sales in an “other models” line merchandise.
The sturdy end to the yr comes after Tesla noticed its deliveries decline within the third quarter for the primary time in a yr, owing to some manufacturing facility shutdowns — one thing that impaired CEO Elon Musk’s loftier aim of constructing 2 million cars this year. The corporate spent a lot of the yr tinkering with its costs, beginning with big price cuts, which has taken an enormous chunk out of its industry-leading revenue margins.
Tesla’s massive yr can also be due largely to the corporate’s success in China, the place competitors for market share is changing into fierce resulting from waves of value cuts from opponents. That features BYD, which has not too long ago been on track to outpace Tesla’s EV global sales.
