Tesla just released an update on its third-quarter results, showing that production and shipments were impacted by planned maintenance operations. However, the manufacturer stuck to the production plan for the whole year, proposing new records for 2023.
From July to October, Tesla produced a total of 430,488 vehicles, at the same time, 435,059 cars were delivered. The sequential decline in production volumes is due to periods of downtime caused by the modernization of the plant, as previously announced during the presentation of results in July.
Tesla continues impressive production
Deliveries were lower than market expectations due to a longer-than-expected shutdown of Tesla’s factories in Austin, US, and Shanghai, China, resulting in a shortfall of about 20,000 vehicles. However, the fourth quarter and early 2024 should make up for this slight delay.
Tesla has confirmed its goal of producing 1.8 million vehicles in 2023demonstrating confidence in its ability to sustain significant growth despite current operational challenges.
Tesla produced 479,700 vehicles in the second quarter, up from 258,580 in the same quarter of 2022, and down slightly from the 440,808 vehicles produced in the first quarter of 2023. Deliveries also increased, reaching 466,140 vehicles during the quarter compared to 254,695 delivered. in the same period of the previous year.
Lower prices to stimulate demand
Faced with increasingly fierce competition in the electric car market, Tesla has recently cut the prices of its vehicles in the United States, Europe and China to stay competitive.
Tesla, on the other hand, did not provide further details on the status of its Cybertruck, an electric pickup truck with a futuristic design that is raising a lot of expectations. The first Cybertruck left the factory in July, and Tesla previously announced that full-scale production would begin as planned by the end of the year.
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Source: Auto Plus
Robert is an experienced journalist who has been covering the automobile industry for over a decade. He has a deep understanding of the latest technologies and trends in the industry and is known for his thorough and in-depth reporting.