Tesla (TSLA) crushes expectations with deliveries of 466,000 EVs

Tesla (TSLA) announced its production and delivery numbers for the second quarter of 2023, and the automaker has crushed expectations with deliveries of over 466,000 electric vehicles.

Earlier this week, we reported that Wall Street was expecting another record quarter for deliveries from Tesla, with a consensus of 448,000 vehicles.

That’s up from Tesla’s previous record of 422,000 vehicles, which the automaker achieved in Q1 2023.

Today, Tesla released its official Q2 2023 delivery and production numbers.

The company confirmed that it delivered over 466,000 vehicles during the quarter – significantly higher than expected:

Obviously, Model 3 and Model Y are still the vehicle programs driving Tesla’s sales and deliveries, but the Model S and Model X have also seemed to recover since the product refresh two years ago.

The number of vehicles in inventory and transit added during the quarter is also lower than in recent quarters, with only about 13,000 vehicles added to the tally.

Tesla generally references vehicles in transit in its production and delivery press release, but it didn’t this time.

It could mean more vehicles are in inventory instead of transit this time. Sources familiar with the matter told Electrek that Tesla came under its delivery goal for North America, which could explain this.

Tesla is now at 888,000 vehicles delivered during the first half of 2023, and it will need less than 1 million vehicles delivered in the second half to achieve its guidance of 1.8 million vehicles delivered in 2023.