Tesla Tops Wall Street’s Expectations with Record High Deliveries in 2Q

Tesla surprised the market with record deliveries in the second quarter that topped Wall Street’s expectations as price-cutting strategy kicks in.

In the second quarter of 2023, Tesla reported global deliveries of 466,140 units from the production of 479,700 units. The report topped the market’s expectations for 448,599 units as well as a delivery of 422,875 from the previous quarter. An acceleration in car deliveries was due to a series of price cuts by Tesla and also federal EV tax credits that helped boosting sales in the quarter to a record high.