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

Complete deliveries This fall 2023: 484,507

Complete manufacturing This fall 2023: 494,989

Complete annual deliveries 2023: 1,808,581

Complete 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 symbolize supply progress of 38% yr over yr and manufacturing progress of 35% yr over yr. In 2022, the corporate reported 40% progress yr over yr in deliveries from 2021.

In its final earnings name in October 2023, Tesla execs provided steerage that the corporate would notch a minimum of 1.8 million deliveries for the complete yr, a quantity they’d revised down from a 2 million purpose 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 mentioned the corporate’s Mannequin Y entry-level SUV was prone to “be the bestselling automotive on Earth, however not simply in income, however in unit quantity,” for the yr. Tesla doesn’t get away supply and manufacturing numbers by particular person mannequin however reported mixed numbers of:

Tesla produced 476,777 Mannequin 3 and Mannequin Y automobiles throughout the quarter and reported 461,538 deliveries for these fashions. It did not break down Mannequin S or X manufacturing or supply numbers, as an alternative batching them into “Different Fashions.” It produced 18,212 different fashions and delivered 22,969 through 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 get away numbers for the Cybertruck and numbers for its Semi, the heavy-duty industrial truck it has manufactured in small numbers to this point at its battery plant outdoors of Reno.

Tesla additionally slashed costs all through the final quarter of 2023 in markets all over the world, a technique 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, previously Twitter, 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 sequence of posts on X for which Musk later expressed remorse.

Tesla board members and executives haven’t responded to house owners’ and traders’ considerations about Musk’s acknowledged views, together with latest rants in opposition to variety, fairness and inclusion initiatives in enterprise and better schooling and downplaying of the adverse local weather impacts, close to time period, 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 nontraditional advertising and marketing efforts corresponding to 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 unit in Sparks, Nevada, and different amenities the place it manufactures spare elements, charging tools and massive batteries for house or utility-scale vitality storage. The corporate additionally plans to assemble one more automotive plant in Nuevo León, Mexico, it introduced in March.

When requested in regards to the 2024 outlook for deliveries on the corporate’s final earnings name, Musk mentioned: “On the threat of stating the plain, it’s not potential to have a compound progress fee of fifty% perpetually, or you’ll exceed the mass of the identified universe. However I believe we’ll develop very quickly, a lot sooner than every other automotive firm on Earth by far.”

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

Tesla plans to debate fourth-quarter outcomes on Jan.24, 2024, at 5:30 p.m. ET.

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