Tesla reports record Q1 deliveries thanks to recent price cuts

[Shawn Knight]

What just happened? Tesla's first quarter production and delivery report is in and it's another home run for the electric vehicle maker. For the three-month period ending March 31, 2023, Tesla produced 440,808 vehicles and delivered 422,875 during the same span. The mark represents the most vehicles Tesla has delivered in a single quarter, besting the 405,278 vehicles delivered in the fourth quarter of 2022 by just over four percent.

The production / delivery split continues to heavily favor the more affordable Model 3 and Model Y variants. Collectively, these two models accounted for 421,371 production units and 412,180 deliveries. The remaining 19,437 vehicles that rolled off the assembly line and 10,659 vehicles delivered were made up of the Model S sedan and Model X SUV.

Despite the impressive performance, Tesla still fell short of some analysts' expectations. Independent analyst Troy Teslike's final production and delivery estimates were 445,920 units and 427,000 units, respectively.

Shares in Tesla are trading down around 5.3 percent on the news as of this writing.

Tesla has implemented nearly half a dozen price cuts in recent months, moves that are clearly attracting the attention of consumers. Most recently, the Model S saw an instant $5,000 price cut and the Model X starting price was slashed by $10,000.

The increased sales could also be a sign that shoppers are more receptive to the eventuality that EVs will soon replace gas-powered engines.

Just last month, Dodge unveiled its seventh and final Last Call special edition vehicle. The 2023 Challenger SRT Demon 170, one of the last to be petrol powered before Dodge switches to electric motors, delivers 1,025 horsepower and 945 lb.-ft. of torque on E85, which is enough to propel the muscle car from 0-60 mph in just 1.66 seconds and smash the quarter mile in 8.91 seconds at 151.17 mph.

Tesla plans to share full financial results for Q1 after the market closes on April 19.

Image credit: White Tesla by Screen Post, Red Tesla by Makara Heng

Permalink to story.

https://www.techspot.com/news/98171-tesla-reports-record-q1-deliveries-thanks-recent-price.html

 

[bviktor]

Good for them, good for us. At this rate they'll beat Suzuki, Renault and Mercedes next year.

 

[BadThad]

I'll get an EV when there are chargers as prevalent as gas stations and I can fill it up in 5 minutes or less.

 

[Theinsanegamer]

I'll get an EV when there are chargers as prevalent as gas stations and I can fill it up in 5 minutes or less.

I'll get one when they are $40k and can go 7-800 miles on a single charge, with batteries that dont cost MSRP to replace.

 

[DaveBG]

I'll get an EV when there are chargers as prevalent as gas stations and I can fill it up in 5 minutes or less.

This will not happen soon since no one needs this. People that have EVs charge at home mainly and do not care for the charging infrastructure that much. So keep buying gas and inhaling it...

 

[romainB]

Looks like tesla not cool at all , like not practic or really needed .

 

[VitalyT]

which is enough to propel the muscle car from 0-60 mph in just 1.66 seconds

Did you mean 2.66 perhaps? Because 1.66 would be a complete BS.

 

[Theinsanegamer]

This will not happen soon since no one needs this. People that have EVs charge at home mainly and do not care for the charging infrastructure that much. So keep buying gas and inhaling it...

This may shock you, but people DO need it. Insurance companies are trying to deny coverage if you have an attatched garage, due to EV fires.

Now this may shock you, but that means most new construction since 1970 cant charge inside!

Let us not forget anyone who lives in an apartment, anyone who lives in a condo with underground parking, anyone who lives in a house without a garage, or who has a garage thats too small, or doesnt have 220v available, have more drivers then they do garage space, ece. Dont forget if you want to travel anywhere outside your zipcode, something millions of people do every week.

Maybe stop trying to lick light sockets and figure out that you need public charging infrastructure. "people that have EVs and charge at home" at present represent less then 1% of the car driving population. If you want to get the 99% on board, you need charging infrastructure. Duh.

 

[axiomatic13]

Did you mean 2.66 perhaps? Because 1.66 would be a complete BS.

I would have thought this as well. But my F-150 Lightning Lariat EV with the extended battery is 7700lbs (chonki boi) and can do a quarter mile in 12.8 seconds. The torque is bananas.

 

[VitalyT]

I would have thought this as well. But my F-150 Lightning Lariat EV with the extended battery is 7700lbs (chonki boi) and can do a quarter mile in 12.8 seconds. The torque is bananas.

That wasn't about EV, it was about a muscle petrol car. Anyhow, there is no car in the world that can do 0-60mh in 1.66s.

 

[BadThad]

This will not happen soon since no one needs this. People that have EVs charge at home mainly and do not care for the charging infrastructure that much. So keep buying gas and inhaling it...

They must have some long extension cords for those out of state road trips.

 

[BadThad]

That wasn't about EV, it was about a muscle petrol car. Anyhow, there is no car in the world that can do 0-60mh in 1.66s.

So now comes the 2023 Dodge Challenger SRT Demon 170, a 1025-horsepower, ethanol-burning, parachute-deploying dragster capable of 0-60 in 1.66 seconds and quarter miles runs in an NHRA-certified 8.91 seconds.Mar 20, 2023

10 Vehicles That Go From 0 – 60 In Under 2 Seconds – Autowise

autowise.com

 

[DaveBG]

This may shock you, but people DO need it. Insurance companies are trying to deny coverage if you have an attatched garage, due to EV fires.

Now this may shock you, but that means most new construction since 1970 cant charge inside!

Let us not forget anyone who lives in an apartment, anyone who lives in a condo with underground parking, anyone who lives in a house without a garage, or who has a garage thats too small, or doesnt have 220v available, have more drivers then they do garage space, ece. Dont forget if you want to travel anywhere outside your zipcode, something millions of people do every week.

Maybe stop trying to lick light sockets and figure out that you need public charging infrastructure. "people that have EVs and charge at home" at present represent less then 1% of the car driving population. If you want to get the 99% on board, you need charging infrastructure. Duh.

And Tesla infrastructure is fine. So Duh.

 

[DaveBG]

They must have some long extension cords for those out of state road trips.

Even still long extension cords are healthier than inhaling burnt diesel.