Tesla Records  Huge EV  Delivery in  Q1 23

Written By: Yusuf Balogun

Following price cuts, Tesla announces that it recorded a huge car delivery in the first quarter of 2023, a 36 percent increase from the previous year.

Recall that in January, the EV giant reduced the price of the long-range Model Y variant by 20 per cent in the United States.

The decision followed a series of price cuts across the US, Europe, and China impacting various models across Tesla’s range.

According to the firm, it delivered 422,875 of its electric cars to customers in the first quarter of 2023, including 412,180 Model 3 and Y vehicles and 10,695 Model S and Xs.

The deliveries come after a turbulent time for Tesla’s share price, which dropped from over $360 a share last April to a low of around $113 at the beginning of 2023.

In January this year, Tesla's CEO Elon Musk said the company’s target is to deliver 2 million vehicles in 2023 and up from 1.3 million in 2022.