Tesla Surprises No One With Record Deliveries In Q1 After Massive Price Cuts | Carscoops

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Tesla Surprises No One With Record Deliveries In Q1 After Massive Price Cuts | Carscoops
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Tesla Surprises No One With Record Deliveries In Q1 After Massive Price Cuts | Carscoops carscoops

delivered more cars during the first three months of this year than during any other quarter in its history, the company announced at the weekend.

The automaker delivered a record 422,875 vehicles between January and March, which represented a 36 percent increase on the same period last year. At the start of 2023 Tesla’s CEO, Elon Musk suggested that deliveries could hit 2 million this year, which would mean delivering half as many cars again as it did in the whole of 2022.

The strong first quarter sales were a direct result of Tesla implementing dramatic price cuts in January as a response to disappointing numbers in the final quarter of 2022. Those cutsthe price of certain Model Y SUVs, and there were also big savings to be made on the Model 3 sedan. Prices have risen since the cuts were first announced, but since many Teslas now once again qualify for tax credits they are more affordable than they were this time last year.

But comparing the delivery numbers for the first part of this year with those for the Q4 2022 reveals that deliveries only rose by 4 percent. While deliveries of the more mass-market cars, the Model 3 and Model Y, increased by 6 percent, deliveries of the more expensive Model S sedan and Model X SUV fell by 38 percent.

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