AUSTIN, TX – Driven by greatly increased demand as a result of a recent series of price cuts, Tesla achieved a record number of vehicle deliveries – far exceeding previous estimates – of the company’s electric vehicles in the first quarter of 2023.
The pioneering electric car automaker owned by famed tech tycoon Elon Musk announced on Sunday that it had produced 440,808 vehicles and delivered 422,875; in addition, the company also noted that their sales had increased 4 percent from the fourth quarter of 2022.
The vast majority of Tesla’s deliveries – 97 percent, according to reports – were comprised of the company’s Model 3 and Model Y vehicles, the more affordable options of their offerings. Both models experienced serious cuts to their sticker prices in January, with the price of the Model 3 dropping 6.4 percent and the Model Y Long Range dropping by a whopping 20 percent.
In addition, prices for the Tesla Model S and Model X fell between 4 percent and 9 percent.
The current prices for Tesla’s vehicles are as follows:
- Model S: $89,990.
- Model S Plaid: $109,990.
- Model 3: $42,990.
- Model 3 Performance: $53,990.
- Model X: $99,990.
- Model X Plaid: $109,990.
- Model Y Long Range: $54,990.
- Model Y Performance: $58,990.
Tesla has announced their intention to manufacture approximately 1.8 million vehicles by the end of 2023, although Musk had claimed earlier this year that it would be possible for the company to put out as many as two million depending on demand.
Tesla’s price cuts in January were spurred by desire to enable them to qualify for federal electric vehicle tax credits and to increase overall demand, with Musk saying during the company’s investor day in March that “affordability is what matters. As you make the car more affordable, we’ll have demand go crazy.”
Joe Mcdermott is a staff reporter who keeps his eyes peeled for interesting automotive news. He works mainly for our subsidiary, The Published Reporter® as well as our IT firm, SEARCHEN NETWORKS®. Mcdermott, one of our first and thus veteran reporters, is also a data analyst for select independent news and media organizations in the United States.