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Sales of the new Tesla electric car rose in the first quarter of 2023, according to sales and production figures released by the EV maker on Sunday. In the three months from the beginning of the year to his end of March, Tesla sold 422,875 of his EVs. In 2022, during the first quarter he managed 310,048 deliveries.
This represents a 36% year-over-year increase for EV companies and a 4% increase from Q4 2022.
As expected, most of the sales were split between Model 3 and Model Y. Tesla did not provide further details and does not report by region. In the first quarter of 2023, he shipped 412,180 Model 3s and Model Ys, 5% of which were leased.
Recent price cuts may have helped shift some metals. Despite the ups and downs of some yo-yos, the Model Y is $11,000 cheaper today than he was at the beginning of the year.
You can find a counter-argument to that argument by looking at how the aging Model S and Model X perform. not good. The big price cuts in January and March didn’t seem to move the needle (at least not in the right direction), and Tesla sold almost 50% fewer of those EVs in the first quarter of this year (only 10,695 ) were reduced from the first three. last month.
In fact, Tesla has about as many Model S and Model Xs left as it can sell, with 19,437 built in Q1 2023. Similar numbers of the Model 3 and Model Y were built, but some were left over. This is becoming a bigger and bigger problem for Tesla. In the first quarter of 2022, he sold 5,000 more EVs he built. In Q1 2023, he built 18,000 more EVs than he could sell. This could add to his reported 56,000 unsold EVs at the end of 2022.
When Tesla announced its 2022 financial results, it said it expects sales to grow 50% and sell 1.8 million cars this year, but CEO Elon Musk is more ambitious. target. But to meet those goals, the company will need to increase sales significantly over the remainder of the year if it doesn’t want to disappoint investors again.
