Tesla delivered a record number of cars last quarter, beating expectations.

Tesla beat expectations in the second quarter of 2023, announcing Sunday it produced nearly 480,000 vehicles and delivered over 466,000.

The majority of production and deliveries were the Model 3 sedan and Model Y crossover, with 460,211 produced and 446,915 delivered. The electric car maker produced 19,489 of the higher-priced Model X and Model S and delivered 19,225.

Dan Ives, an analyst at Wedbush Securities, said it was a “trophy case quarter” for the company, adding “Tesla bears,” or pessimistic Tesla investors, will be sent back into “hibernation mode.”

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Bucky said:

https://www.cnn.com/2023/07/02/business/tesla-production-deliveries-second-quarter/index.html

Tesla taking over the entire global auto industry is not a matter of "if" but "when." Another stellar performance by the entire Tesla team.

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dmpi said:

If you follow the automotive world you have to be impressed by these lofty numbers.

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