March 4, 2024

Tesla simply revealed its fourth-quarter car 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 automobiles. The brand new numbers characterize 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 steering that the corporate would notch at the very least 1.8 million deliveries for the complete yr, a quantity they’d revised down from a 2 million objective earlier.

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

Throughout a third-quarter earnings name in October, Tesla CEO Musk stated 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 yr. Tesla doesn’t escape 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 business truck it has manufactured in small numbers thus far at its battery plant outdoors 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, larger 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 house owners’ and buyers’ considerations about Musk’s acknowledged views, together with latest rants towards range, fairness and inclusion initiatives in enterprise and better training and downplaying of the unfavorable local weather impacts, near-term, of present ranges of fossil gasoline consumption.

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

Tesla now operates two car meeting crops 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 elements, charging gear and large batteries for dwelling or utility-scale power 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 stated: “On the danger of stating the apparent, it isn’t attainable to have a compound progress charge of fifty% without end, or you’ll exceed the mass of the recognized universe. However I feel we are going to develop very quickly, a lot quicker than some other automotive firm on Earth by far.”

Taneja stated then that Tesla was centered on “rising our volumes in a really cost-efficient method,” and would supply 2024 steering on the following earnings name.