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