Tesla's latest price cut discounts the Model S and Model X up to $5,000, the Model 3 $1,000, and introduces a new base Model Y for $3,000 less.
that it delivered 422,875 vehicles in the first quarter of 2023. While that total was 4% higher than the previous quarter and 36% higher year-over-year, it also marked the second quarter in a row in which Tesla produced significantly more vehicles than it delivered to customers.
In the past four quarters, Tesla has made about 78,000 more vehicles than it's sold, based on the automaker's quarterly disclosures.As the AP notes, this trend is occurring as Tesla continues to ramp up manufacturing capacity. In addition to its original Fremont, California, factory and newer factories in Austin, Texas, and Shanghai, the automaker
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