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Tesla Q3 2023 production and deliveries and new Model Y RDW and lowered prices

Q3 2023

 ProductionDeliveriesSubject to operating lease accounting
Model S/X13,68815,9858%
Model 3/Y416,800419,0744%
Total430,488435,0594%

Q2 2023

ProductionDeliveriesSubject to operating lease accounting
Model S/X19,48919,2258%
Model 3/Y460,211446,9155%
Total479,700466,1405%

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