Tesla confirms new record deliveries, beats expectations!

The majority of these were the Model 3 sedan and Model Y crossover, with the company rolling out 460,211 of these and successfully getting 446,915 of them into the hands of customers. They didn't forget about their high-end cars either, with the Model X and Model S clocking production and delivery numbers at 19,489 and 19,225 respectively.

It's worth noting that this quarter saw Tesla breaking its own record in delivery numbers. This was kind of expected, but the cool part is they outperform even what the Wall Street experts predicted, which was about 447,000 cars.

Interestingly, Tesla had been cutting their prices since the start of the year, making it the fifth time they've done so since January. These cuts ranged from 2% to nearly 6%. They did this thinking the US government might limit tax benefits for buying electric vehicles.

Looks like this price-cutting strategy was a smart move. It seems to have worked wonders for Tesla, keeping customer demand high and making it easier for them to produce more cars. This, in turn, helped them deliver a ton more cars this quarter.

If you look at Tesla's track record in the first quarter of 2023, they made about 441,000 vehicles and got around 423,000 of those delivered. So, they're definitely on a roll. They've got a big goal for this year, aiming to deliver a whopping 1.8 million cars according to Reuters.

Tesla will reveal its full financial performance for this quarter on July 19, 2023. With their recent success, it'll be interesting to see how the numbers stack up. If they keep this up, it could signal a big shift in the auto industry towards electric.