Tesla's success is attributed to robust demand and efficiency in production.
Tesla (TSLA) reported delivery numbers for the second quarter of 2023 that beat analysts' expectations. The company delivered 466,140 vehicles in the quarter, up 83% year-over-year. Tesla also produced 479,700 vehicles in the quarter, up 71% year-over-year.
The strong delivery numbers were driven by strong demand for Tesla's vehicles. The company also added more manufacturing capacity in the quarter, including its new assembly plant in Austin, Texas.
Thanks to competitive pricing and factory production, Tesla looks set to hit a delivery goal of 1.8 million vehicles this year.
On July 19, Tesla will report its earnings.
Leave a Reply