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Electric car Tesla beat expectations in the second quarter of 2023, revealing on Sunday that it produced nearly 480,000 vehicles and delivered over 466,000, as the majority were the Model 3 sedan and Model Y crossover.
Tesla’s Q2 sales were up 10 percent quarter-on-quarter from Q1’s previous record of 422,875. Year-on-year Q2 sales were up a staggering 83 percent over Q2 2022, as shown in the graph below from Roland Pircher.
Dan Ives, an analyst at Wedbush Securities, said it was a “trophy case quarter” for the company, adding “Tesla bears,” or pessimistic Tesla investors, will be sent back into “hibernation mode.”
