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Record Breaking Q4 2023 for Tesla
Tesla released their deliveries this morning, and it turns out, Tesla had yet another record-breaking quarter. Here are the details:
- Model 3 and Y: 476,777 Produced; 461,538 Deliveries; 2% Leased
- Other Models: 18,212 Produced; 22,969 Deliveries; 3% Leased
- Total: 494,989 Produced; 484,507 Delivered; 2% Leased
It's interesting to note that this is the lowest lease rate Tesla has ever had, which means more, and more people are buying cars, either outright or through loans.
The point of sale tax credit should be going in effect today, which means an instant $7,500 rebate off of qualified Tesla vehicles.
Elon Musk Makes Bold Statement: Predicts That In the Next 5 Years, If Tesla Executes Extremely Well, the "Long Term Value Could Exceed Apple and Aramco Combined" - A $5 Trillion Market Cap and $1,600 Share Pricehttps://t.co/zctpk82MuG$TSLA @Tesla @torquenewsauto #apple…
— Jeremy Noel Johnson (@AGuyOnlineHere) December 30, 2023
Of note, is that Tesla did not break out the Cybertruck in a separate category. There is a good reason for this, as the Cybertruck has only been doing deliveries for one month. Probably around 300 to 500 have been delivered at this time.
As future models get released, I would hope that Tesla breaks down deliveries by every single vehicle category and doesn't group them.
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Ship Turned Back Due To Stink Bugs
It was interesting to read that there was a ship traveling to Australia with about 5-6 thousand Tesla vehicles, but it was turned back due to a stink bug infestation late in the quarter.
According to Gary Black, Tesla could have delivered over 490,000 vehicles had this ship not been turned back. This is the first time I've heard of a ship of Tesla vehicles being turned around like this.
Stunning View Of Tesla Cybertruck In Complete Gloss Black Wrap: Shines In a Unique Wayhttps://t.co/FlkJRJ6fEY$TSLA @Tesla @torquenewsauto #cybertruck #wraps #glossblackwrap #shines #unique
— Jeremy Noel Johnson (@AGuyOnlineHere) December 31, 2023
Production of around 495,000 was ahead of most people's expectations, and deliveries exceeded expectations by about 4,000.
What remains is what Tesla will do about the price disparity now that the Model 3 RWD and Model 3 Long Range have lost the U.S. $7,500 tax credit...
Since 2008, Tesla's deliveries by year have looked like this:
- 2008-2011: 2.2K
- 2012: 2.7K
- 2013: 22.5K
- 2014: 31.7K
- 2015: 50.6K
- 2016: 76.2K
- 2017: 101.3K
- 2018: 245.2K
- 2019: 367.5K
- 2020: 499.6K
- 2021: 936.2K
- 2022: 1.31M
- 2023: 1.81M
It's interesting to visualize the growth of Tesla, since 2016 with this delivery by quarter graph. The compact car is going to dwarf all of these lines, here, later this decade.
Not only that, the Model Y is the worldwide king in sales right now. Tesla is still a company in its infancy!
In Other Tesla News: Tesla Employee Confirms That Optimus Humanoid Robot Will Join the Tesla Assembly Line
What do you think about Tesla's record Q4 2023? Is this a good sign for Tesla?
Share this article with friends and family and on social media - or leave a comment below. You can view my most recent articles here for further reading. I am also on X/Twitter where I post more than just articles daily, as well as LinkedIn! Thank you so much for your support!
Hi! I'm Jeremy Noel Johnson, and I am a Tesla investor and supporter and own a 2022 Model 3 RWD EV and I don't have range anxiety :). I enjoy bringing you breaking Tesla news as well as anything about Tesla or other EV companies I can find, like Aptera. Other interests of mine are AI, Tesla Energy and the Tesla Bot! You can follow me on X.COM or LinkedIn to stay in touch and follow my Tesla and EV news coverage.
Image Credit: DALL-E AI | James Cat
Article Reference: Gary Black
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