February 20, 2024

Tesla simply printed its fourth-quarter automobile manufacturing and deliveries report for 2023. Listed here are the important thing numbers:

Whole deliveries This fall 2023: 484,507

Whole manufacturing This fall 2023: 494,989

Whole annual deliveries 2023: 1,808,581

Whole annual manufacturing 2023: 1,845,985

In 2022, the Elon Musk-led automaker reported annual deliveries of 1.31 million and manufacturing of 1.37 million electrical autos. The brand new numbers signify supply progress of 38% year-over-year and manufacturing progress of 35% year-over-year. In 2022, the corporate reported 40% progress year-over-year from 2021.

In its final earnings name in October 2023, Tesla execs supplied steerage that the corporate would notch not less than 1.8 million deliveries for the complete 12 months, a quantity that they had revised down from a 2 million objective earlier.

Analysts had anticipated Tesla to report deliveries of 477,000 for the year-ending quarter, in keeping with a consensus of estimates compiled by StreetAccount as of Dec. 28. Deliveries are the closest approximation of gross sales reported by Tesla however are usually not exactly outlined within the firm’s shareholder communications.

Throughout a third-quarter earnings name in October, Tesla CEO Musk mentioned the corporate’s Mannequin Y entry-level SUV was prone to “be the best-selling automotive on Earth, however not simply in income, however in unit quantity,” for the 12 months. Tesla doesn’t get away supply and manufacturing numbers by particular person mannequin however reported mixed numbers of:

Tesla produced 476,777 Mannequin 3/Y vehicles in the course of the quarter and famous 461,538 deliveries. It didn’t break down Mannequin S or X manufacturing or supply numbers, as a substitute batching them into “Different Fashions.” It produced 18,212 different fashions and delivered 22,969 in the course of the quarter.

Within the final quarter of 2023, Tesla offered its refreshed, or Highland, model of the entry-level Mannequin 3 sedan in some markets. In December, the corporate started deliveries of a small variety of its latest EV, the angular and controversial Cybertruck, within the U.S.

Tesla didn’t report numbers for the Cybertruck and nonetheless has not reported manufacturing and supply numbers for its Semi, the heavy-duty industrial truck it has manufactured in small numbers thus far at its battery plant exterior of Reno.

Tesla additionally slashed costs all through the final quarter of 2023 in markets around the globe, a method to deal with what Tesla CFO Vaibhav Taneja had referred to as, “a interval of financial uncertainty, greater rates of interest, and shifting client sentiment” on the corporate’s October earnings name.

Some earlier and potential prospects of Tesla have declared plans to keep away from shopping for from the corporate in response to Musk and his frequent, incendiary remarks on X, the social media platform he now owns, and at different public talking occasions. In November, for instance, the White Home condemned Musk for selling “antisemitic and racist hate” in a collection of posts on X for which Musk later expressed remorse.

Tesla board members and executives haven’t responded to homeowners’ and buyers’ considerations about Musk’s said views, together with latest rants towards variety, fairness and inclusion initiatives in enterprise and better training and downplaying of the unfavourable local weather impacts, near-term, of present ranges of fossil gas consumption.

Nevertheless, Tesla started promoting campaigns within the second half of 2023, which it beforehand eschewed in favor of non-traditional advertising and marketing efforts similar to occasions, giveaways and engagements with social media influencers.

Tesla now operates two automobile meeting vegetation within the U.S., and two abroad in Shanghai and Brandenburg, Germany, along with a battery manufacturing facility in Sparks, Nevada, and different services the place it manufactures spare components, charging tools and massive batteries for house or utility-scale vitality storage. The corporate additionally plans to assemble yet one more automotive plant in Nuevo León, Mexico, it introduced in March.

When requested concerning the 2024 outlook for deliveries on the corporate’s final earnings name, Musk mentioned: “On the threat of stating the apparent, it isn’t doable to have a compound progress charge of fifty% ceaselessly, or you’ll exceed the mass of the recognized universe. However I believe we’ll develop very quickly, a lot quicker than some other automotive firm on Earth by far.”

Taneja mentioned then that Tesla was targeted on “rising our volumes in a really cost-efficient method,” and would offer 2024 steerage on the subsequent earnings name.