![]() ![]() Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The company will post its financial results for the second quarter on July 19. ![]() Tesla has set a target of 1.8 million deliveries this year, Reuters reported. In the first quarter of 2023, Tesla produced about 441,00 vehicles and delivered about 423,000. In the second quarter 2022, Tesla reported 254,695 deliveries and produced 258,580. The figures are a significant jump from this time last year. as demand appears to remain very strong and production efficiencies have allowed for the massive deliveries beat this quarter,” Ives said. “Price cuts implemented early in 2023 have paid major dividends for Musk & Co. In April, Tesla cut prices for the fifth time since January, slashing costs between 2% and nearly 6% as the US expects to limit EV tax credits. Wall Street had predicted about 447,000 deliveries, Ives said. It was a record for deliveries, though widely expected. The electric car maker produced 19,489 of the higher-priced Model X and Model S and delivered 19,225.ĭan 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.” The majority of production and deliveries were the Model 3 sedan and Model Y crossover, with 460,211 produced and 446,915 delivered. Tesla beat expectations in the second quarter of 2023, announcing Sunday it produced nearly 480,000 vehicles and delivered over 466,000. ![]()
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