Tesla Superchargers are seen at a charging station on March 17, 2023 in Beijing, China.
vcg | Visual China Group | Getty Images
Tesla on Sunday published its vehicle production and delivery report for the first quarter of 2023.
Here are the key numbers of the electric vehicle manufacturer:
Total shipments Q1 2023: 422,875
Total production Q1 2023: 440,808
Deliveries are the closest approximation to Tesla’s published sales and are not broken out by individual model or region.
The figures for the first quarter represent a 36% increase in shipments compared to the 310,048 for the same period last year and a 4% sequential growth in shipments compared to the 405,278 the company reported in the final quarter of 2022 .
The company reported deliveries of 10,695 of its higher-priced Model S and X, about 2% of deliveries in the quarter.
Tesla reported deliveries of 412,180 of its lower-priced Model 3 sedan and Model Y crossover during the quarter.
The company has not provided production and delivery figures for its heavy-duty tractor units.
Tesla said it produced 19,437 Model S and Model X vehicles and 421,371 of its Model 3 and Model Y vehicles for the period ended March 31, 2023.
“We have continued the transition to a more even regional mix of vehicle designs,” the company wrote in a statement Sunday.
Tesla now sells four models produced at two vehicle assembly plants in the US, one in Shanghai and one outside of Berlin. In March, CEO Elon Musk announced that the company plans to build a new factory in Monterrey, Mexico, a day’s drive from its Austin, Texas factory.
The company also produces a heavy-duty truck, the Semi, at its battery plant in Sparks, Nevada. The company began delivering the Semi in December 2022.
Wall Street expected Tesla to report deliveries of about 432,000 vehicles for the quarter, according to a median of estimates compiled by FactSet on Friday. Estimates included in the FactSet analysis range from 410,000 to 451,000 expected deliveries.
The independent researcher, who publishes under the name TroyTeslike, expected deliveries of 427,000 and a total production of 445,920 vehicles.
The first quarter of 2023 was marked by repeated price cuts by Tesla, including in the USA, Europe and China.
Tesla’s moves sparked a so-called “price war” in electric vehicles and challenged competitors like Ford and General Motors trying to gain market share in the domestic all-electric vehicle segment.
Tesla shares rose more than 60% in the first quarter to close at $207.46 on Friday before the production and deliveries report. (They closed at $123.18 on Dec. 30, the last trading day in 2022.)