Throughout the fourth quarter of 2023, Tesla achieved new quarterly data for world electrical car manufacturing and gross sales, which contributed to the perfect 12 months ever by way of quantity.
Nevertheless, there are various challenges because the current consequence reveals a slower year-over-year development fee, in addition to critical competitors within the type of the surging BYD.
Get Absolutely Charged
On this publish, we’ll check out the numbers and charts to visualise the progress and to higher perceive what is going on and what to anticipate within the close to future.
Outcomes This autumn 2023
In This autumn, Tesla’s world electrical automotive manufacturing amounted to 494,989, which is 13% greater than a 12 months in the past.
As normal, the lion’s share (over 96%) fell on the Mannequin 3/Mannequin Y duo – 476,777 (up 14% year-over-year). It nearly seems like Tesla is a Mannequin 3/Mannequin Y-only firm.
The share of the Mannequin S/Mannequin X duo is so low that Tesla has determined to cease reporting its gross sales individually, and began to group “different fashions” collectively, which implies additionally the Tesla Cybertruck, which entered the market on November 30, 2023. The swap to a distinct approach of reporting outcomes may also be associated to the anticipated fall within the Mannequin S/Mannequin X outcomes, which might be hidden within the new class, due to the rising Cybertruck quantity.
Manufacturing of “different fashions” (the Mannequin S, Mannequin X, Cybertruck, and doubtlessly even the Semi) amounted to 18,212 (down 12% year-over-year).
The entire world deliveries amounted to 484,507 (up 20% year-over-year). When it comes to the 2 car teams, the Mannequin 3/Mannequin Y duo famous 461,538 deliveries (up 19% year-over-year), whereas the “different fashions” famous 22,969 deliveries (up 34% year-over-year).
Tesla This autumn’2023 outcomes (YOY change):
Complete manufacturing: 494,989 (up 13%) Mannequin 3/Y manufacturing: 476,777 (up 14%) Different fashions manufacturing: 18,212 (down 12%) Complete deliveries: 484,507 (up 20%) Mannequin 3/Y deliveries: 461,538 (up 19%) Different mannequin deliveries: 22,969 (up 34%)
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries.png)
* We aren’t fully certain whether or not the “Different fashions” class contains the Tesla Semi electrical truck, whose numbers by no means had been reported individually.
In 2023, Tesla produced over 1.84 million electrical autos globally and delivered over 1.8 million electrical autos to prospects.
Manufacturing elevated by 35% year-over-year, whereas deliveries famous a 38% improve.
Tesla Q1-This autumn’2023 outcomes (YOY change):
Complete manufacturing: 1,845,985 (up 35%) Mannequin 3/Y manufacturing: 1,775,159 (up 37%) Different fashions manufacturing: 70,826 (down 0.5%) Complete deliveries: 1,808,581 (up 38%) Mannequin 3/Y deliveries: 1,739,707 (up 39%) Different mannequin deliveries: 68,874 (up 3%)
For reference, in 2022, Tesla produced 1,369,611 electrical automobiles (up 47% year-over-year) and delivered 1,313,851 (up 40% year-over-year).
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023-ev-production-deliveries.png)
Whereas the general outcomes are constructive, the common fee of year-over-year development has slowed down and is now noticeably behind the long-term goal of fifty%.
That is particularly regarding once we take a look at This autumn, which had the bottom year-over-year development fee—manufacturing up by 13% and deliveries up by 20%—in a very long time (since Q2 2020 and in the course of the COVID lockdowns), regardless of a number of rounds of great worth discount utilized in 2023.
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-k.png)
Charts
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-a.png)
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-b.png)
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-c.png)
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-d.png)
A couple of months in the past, Tesla produced its 5 millionth electrical automotive. As of the top of the fourth quarter, the cumulative deliveries exceeded 5.45 million items, together with over 4.78 million Mannequin 3/Mannequin Y.
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-ee.png)
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-f.png)
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-g.png)
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-h.png)
Throughout the previous 4 quarters, Tesla produced and delivered greater than 1.8 million electrical autos, assembly its 1.8 million car goal in 2023 (in comparison with 1.3 million items in 2022).
Tesla’s long-term purpose is to extend gross sales by about 50 p.c year-over-year, which might counsel a necessity to achieve 2.7 million items in 2024.
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-2023q4-ev-production-deliveries-j.png)