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Updated January 4th, 2024 at 14:25 IST

Tesla delivered 4,84,000 vehicles in Q4, posting 38% deliveries YoY growth in 2023

The 2023 year-end sales push was supported by Tesla's Model 3 electric vehicle, which recorded 4,61,538 deliveries

Nitin Waghela
Tesla Q4 deliveries
Tesla Q4 deliveries | Image:Tesla
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Tesla's annual growth: The Austin-headquartered automotive giant Tesla produced approximately 4,95,000 vehicles and delivered over 4,84,000 vehicles in the fourth quarter of 2023. The vehicle deliveries in 2023 posted an annual growth of 38 per cent to 1.81 million, while production grew 35 per cent year-on-year (YoY) to 1.85 million.

The Tesla-founder, Elon Musk, took to X, formerly known as Twitter, saying," Congratulations Tesla team on a great year!!".

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Congratulations Tesla team on a great year!! https://t.co/A67Mo9HBTH

— Elon Musk (@elonmusk) January 2, 2024

In 2022, Elon Musk had mentioned that its deliveries stood at 1.31 million and production at 1.37 million electric vehicles.

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Year-end sales jump

The 2023 year-end sales push was supported by Tesla's Model 3 electric vehicle, which recorded 4,61,538 deliveries in the fourth quarter last year, while other models reported 22,969 deliveries in the same period.

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In 2022, the company reported 40 per cent growth year over year in deliveries from 2021.

In the automaker's last earnings call in October 2023, company executives offered guidance that the firm would notch at least 1.8 million deliveries for the full year, a number later reduced down from a higher goal of 2 million.

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Earlier, Analysts had expected Tesla to report deliveries of 4,77,000 for the year-ending quarter, according to a consensus of estimates compiled by StreetAccount as of December 28.

During the Q3 earnings call in October last year, Tesla CEO, Elon Musk, said the firm's Model Y entry-level SUV was likely to “be the best selling car on Earth, but not just in revenue, but in unit volume,” for that year.

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Tesla does not break out delivery and production numbers by individual model, yet it posted production of 4,76,777 units of Model 3 and Model Y vehicles during the Q3 quarter and reported 4,61,538 deliveries for these models.

Although it has not broken down Model S or X production and delivery numbers, instead placed them under “Other Models.” It produced 18,212 other models and delivered 22,969 during the same quarter in 2023.

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In the last quarter of 2023, Tesla also pushed the sales of its refreshed, or Highland, version of the entry-level Model 3 sedan in some markets.

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Published January 3rd, 2024 at 13:55 IST

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