Q3 2023
Production | Deliveries | Subject to operating lease accounting | |
Model S/X | 13,688 | 15,985 | 8% |
Model 3/Y | 416,800 | 419,074 | 4% |
Total | 430,488 | 435,059 | 4% |
Q2 2023
Production | Deliveries | Subject to operating lease accounting | |
Model S/X | 19,489 | 19,225 | 8% |
Model 3/Y | 460,211 | 446,915 | 5% |
Total | 479,700 | 466,140 | 5% |
Earnings will be announced October 18, 2023.
Compared to previous quarter deliveries, this is a decline of 31,081 or -6.7%. Part of this is factory closure to update for Model 3 Highland and Cybertruck and part of it is due to macro economics and higher interest rates. Higher interest rates has the effect of increasing monthly payments and thus lessens demand. Other reason could be competitive products from BMW, Mercedes, Hyundai, VW, Polestar and Rivian are taking some customers.
October 7, 2023 Tesla lowered prices for Model 3 and Model Y. Tesla added the Model Y RWD to US line up to reach more buyers and to increase deliveries.
Model 3 RDW $38,990
Model 3 Long Range $45,990
Mode 3 Performance $50,990
Model Y $43,990
Model Y Long Range $48,490
Model Y Performance $52,490