Tesla produced nearly 480,000 vehicles and delivered more than 466,000 in the second quarter of 2023, which is yet another record for the electric carmaker.
The company has released its second-quarter production and sales totals ahead of its second-quarter financial results. It’ll detail these and host a Q/A session after market close on July 19.
Tesla’s total production volume for the second quarter of 2023 was 479,700 vehicles, with 466,140 deliveries.
Those are slight increases over its first-quarter 2023 results, when it produced 440,808 vehicles and delivered 422,875.
Tesla doesn’t break down figures for individual models, factories or regions in its sales and production tallies, but the Model 3 and Model Y together account for almost 96 per cent of both production and deliveries.
Data from the China Passenger Car Association (CPCA) reveals Tesla sold 153,537 Chinese-built vehicles in January and February.
March data isn’t available yet though it’s fair to say almost half of Tesla’s quarterly vehicle production will come from the Shanghai plant, which is where Australian-spec Model 3 and Model Y vehicles are produced.
It’s unclear what record production and sales will mean for Tesla’s quarterly profit. Last quarter the company’s profits dropped as it shifted its focus from outright profit to sales volume.
The brand has slashed pricing of its vehicles multiples times in 2023 around the world, with local pricing for the Model 3 and Model Y recently dropping to new lows.
Tesla currently builds vehicles in California (Model S, X, Y, 3), Texas (Y, Cybertruck), Nevada (Semi), Shanghai (Y, 3), and Berlin (Y).
It’s in the process of tooling for Cybertruck, and says it’s engaged in pilot production of the Semi truck.
Earlier this year the company announced it would open a new plant near Monterrey, Mexico, with production reportedly starting in the first quarter of 2025.
This Mexican plant has previously been confirmed to manufacture its ‘next-generation’ vehicles, and the company has previously said it’s working on a smaller, more affordable vehicle to slot in under the Model 3 as well as a robotaxi.
Elon Musk spoke of a new entry-level model back in 2020, with a mooted base price of US$25,000 (A$37,638 in today’s money) and “fully autonomous” capabilities.