Tesla (TSLA) achieves the 1.8 million vehicle delivery target for 2023 with a record-breaking quarter

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In a press release yesterday, Tesla (TSLA) announced its Q4 and entire year 2023 vehicle delivery and production figures. The automaker achieved the target it set for itself — delivering at least 1.8 million vehicles in 2023.

As we reported earlier, Tesla will need to score an all-time record quarter in Q4 2023 to reach its guidance of 1.8M vehicle deliveries. The US-based electric automaker surpassed the minimum required number to reach this year’s target by more than 8 thousand units.

Tesla delivered 484,507 vehicles in Q4 2023. This resulted in a total of 1,808,581 Tesla vehicle deliveries in 2023.

Tesla’s Q4 2022 was a record quarter as well with 405,278 vehicle deliveries. Tesla has delivered 79,229 (19.5%) more units of vehicles in 2023 compared to QoQ from last year’s Q4.

In the fourth quarter, we produced approximately 495,000 vehicles and delivered over 484,000 vehicles. In 2023, vehicle deliveries grew 38% YoY to 1.81 million while production grew 35% YoY to 1.85 million

Tesla Q4 and 2023 press release.
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ProductionDeliveries
Model 3/Y476,777461,538
Other Models18,21222,969
Total494,989484,507
Table 1: Tesla (TSLA) vehicle production and delivery figures for Q4 2023.

Out of the 484,507 vehicles that Tesla delivered in Q4 2023, Tesla Model Y and Model 3 accounted for 95.25% of the vehicle sales with 461,538 units sold.

Although Tesla started delivering its first electric pickup truck aka the Cybertruck on 30th November 2023, the automaker did not include the number of units delivered separately. The difference in this quarter’s production and delivery figures is that Tesla merged and showed Model S, Model X, and Cybertruck numbers under “Other Models” (see Table 1 above).

So, Tesla has not yet disclosed how many Cybertruck units it has delivered in the last month of 2023. It will be interesting to see in the next few quarters if Tesla separately reports Cybertruck production and deliveries or keeps it merged with the Model S/X. I guess it all depends on its sales figures, if the number is sizable, Tesla will report it otherwise not.

2023 Tesla Vehicle Deliveries

ProductionDeliveries
Model 3/Y1,775,1591,739,707
Other Models70,82668,874
Total1,845,9851,808,581
Table 2: Tesla vehicle production and deliveries for the entire year (2023).
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ProductionDeliveries
Q1 2023440,808422,875
Q2 2023479,700466,140
Q3 2023430,488435,059
Q4 2023494,989484,507
Table 3: Tesla vehicle production and deliveries in each quarter of 2023. Source: Tesla (TSLA) Investor Relations website.

Tesla delivered a total of 1,313,851 in 2022. The automaker sold 38% or 494,730 additional units of vehicles in 2023 compared to the previous year.

Despite the reported growth for the year 2023, the Tesla (TSLA) stock price has been showing a downward trend today since the market opened this morning. As of this writing, around 3:00 PM Eastern Time, Tesla’s share price is down more than 3% and fluctuating between $239 and $240.

Tesla (TSLA) Q4 and 2023 Earnings Call Schedule

Tesla also announced the Q4 and 2023 yearly Earnings Call date and time yesterday. Tesla will publish its financial results and conduct the earnings call on Wednesday 24th January 2024 after market close.

Like the Q3 2023 Earnings Call, Tesla will live-stream the Q4 earnings call and Q & A session webcast with Elon Musk on X (Twitter).

The company’s Investor Relations website published the following details of the event and related information:

Tesla will post its financial results for the fourth quarter of 2023 after market close on Wednesday, January 24, 2024. At that time, Tesla will issue a brief advisory containing a link to the Q4 and full year 2023 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question-and-answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

What: Date of Tesla Q4 2023 Financial Results and Q&A Webcast
When: Wednesday, January 24, 2024
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q4 & FY 2023 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

Tesla Investor Relations
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Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

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