Tesla has announced its first production and shipments report for 2023, setting new records for shipments and production for the first quarter of this year., but below Wall Street estimates. The automaker delivered 422,875 electric vehicles (EVs) and produced 440,808 more vehicles in the first three months of this year, according to the report.

While the results fell short of Wall Street’s expectations, Tesla’s start to the year was far from disappointing. It’s because the company managed to deliver 36% more than 310,048 compared to the same period last year. In addition, it also increased by 4% compared to 405,278 delivered in the last quarter of 2022.

Among those primarily responsible for the number Tesla gets are the Model 3 and Model Y. The cars were the manufacturer’s biggest sellers earlier this year, representing the majority of sales considering they add up to 412 vehicles. thousands of units bought by consumers looking for an electric vehicle experience.

More expensive models become less popular

Meanwhile, Tesla’s more expensive models like the Model S and Model X are far from able to attract the same kind of popularity as those mentioned above. This is because they were responsible for just over 10,600 units sold by the manufacturer in the first three months of this year. From here, you can observe two interesting points regarding the sale of cars.

First, cheaper models like the Model 3 and Model Y are definitely a driver’s favorite over the more expensive versions. Secondly, there has been a drop in popularity for the more expensive models, given that fewer than 17,100 units were sold last year.

For example, in January, the five-seat Model Y dropped from $65,990 to $52,990, and less than a month later it dropped to $54,990. The automaker also cut prices for Model S and X vehicles to $10,000. Tesla will release its full Q1 results on April 19, giving a clearer picture of how the pricing strategy has impacted its bottom line.

Tesla camera filmed an accident on a road in the United States
The car with the included autopilot avoided the accident

Via: Engadget

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