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After a somewhat complicated start to the first quarter of 2023, Tesla is back on track and exceeding Wall Street’s delivery estimates for the second quarter<\/strong>, with record worldwide production of 479,700 vehicles<\/strong>, and deliveries of 466,140 units.<\/strong> That’s a 10% increase<\/strong> on the first quarter, and an impressive 83% year-on-year rise.<\/p>\n <\/p>\n Tesla’s latest strategy? Reduce prices. And it’s working! In fact, the Model 3 and Model Y<\/strong> – which are cars, not robots – were delivered in greater numbers than the more expensive Model S and Model X.<\/p>\n <\/p>\n In all, Elon Musk’s company has delivered just over 460,000 units of Models 3 and Y, compared with 19,490 for the more expensive models. It specified that 5% of its sales were linked to long-term leases, or with an option to purchase.<\/p>\n <\/p>\n Half of these worldwide deliveries would come from Tesla’s Shanghai factory. In all, the Texan company delivered over 75,000 electric vehicles manufactured in China in April and 77,700 in May.<\/p>\n <\/p>\n <\/p>\n There are two reasons for this positive second quarter. The first is the federal tax credits<\/strong> that Joe Biden introduced for electric cars. Tesla’s Model 3 joins other Tesla cars eligible for the full $7,500 tax credit.<\/p>\n <\/p>\n The second is the significant price drop<\/strong> in the USA, as well as in China and other countries such as France. According to analysts at Wedbush securities, a private equity firm, “price cuts earlier this year have paid off for Elon Musk”.<\/p>\n <\/p>\n A significant price cut, but one that remains in investors’ sights as it impacts margins.<\/p>\n <\/p>\n On the stock market, Tesla shares rose by over 6%<\/strong> in U.S. trading, with second-quarter results to be announced on July 19, after the close of trading.<\/p>\n <\/p>\n Read also >Tesla produces more than it sells<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n After a somewhat complicated start to the first quarter of 2023, Tesla is back on track and exceeding Wall Street’s delivery estimates for the second quarter<\/strong>, with record worldwide production of 479,700 vehicles<\/strong>, and deliveries of 466,140 units.<\/strong> That’s a 10% increase<\/strong> on the first quarter, and an impressive 83% year-on-year rise.<\/p>\n <\/p>\n Tesla’s latest strategy? Reduce prices. And it’s working! In fact, the Model 3 and Model Y<\/strong> – which are cars, not robots – were delivered in greater numbers than the more expensive Model S and Model X.<\/p>\n <\/p>\n In all, Elon Musk’s company has delivered just over 460,000 units of Models 3 and Y, compared with 19,490 for the more expensive models. It specified that 5% of its sales were linked to long-term leases, or with an option to purchase.<\/p>\n <\/p>\n Half of these worldwide deliveries would come from Tesla’s Shanghai factory. In all, the Texan company delivered over 75,000 electric vehicles manufactured in China in April and 77,700 in May.<\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nRising sales thanks to two factors<\/h2>\n
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Tesla, the king of electric cars, achieved a record number of car deliveries in the second quarter. These good figures are explained by federal tax credits in the United States and price cuts.<\/h4>\n