Tesla Deliveries Beat Wall Street Forecast, but Legendary EV-Maker is Now Only #2 after Chinese BYD
According to yesterday’s, January 2, publication, Tesla's (TSLA) Q4 2023 deliveries beat Wall Street expectations, with the global electric-car giant posting a record fourth-quarter vehicle sales and topping the fiscal year's total expected. Tesla shares fell slightly as the electric car maker reportedly ceded its title of the world's best-selling electric car maker to Chinese rival BYD (Build Your Dreams). Warren Buffett-backed BYD sold more than 526,000 vehicles in the same period.
Tesla reported on Tuesday that it produced 494,989 vehicles and delivered 484,507 vehicles over the period. Full-year vehicle deliveries rose 38% to 1.81 million vehicles, while production increased 35% to 1.85 million vehicles.
Specifically, Elon Musk’s company delivered 461,538 Model 3/Y vehicles and 22,969 "other models" in the Q4: Tesla currently produces Model 3, Model Y, Model S, Model X and Cybertruck. Tesla’s previous quarterly delivery record in Q2 was 466,140 vehicles. In Q3 Tesla shipped 435,059 vehicles. Tesla has set a goal of delivering 1.8 million vehicles in 2023.
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