Tesla smashes target, delivers record number of cars in Q2 of 2023

Electric car Tesla beat expectations in the second quarter of 2023, revealing on Sunday that it produced nearly 480,000 vehicles and delivered over 466,000, as the majority were the Model 3 sedan and Model Y crossover.

Tesla’s Q2 sales were up 10 percent quarter-on-quarter from Q1’s previous record of 422,875. Year-on-year Q2 sales were up a staggering 83 percent over Q2 2022, as shown in the graph below from Roland Pircher.

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.”