Teslarati 
Tesla (NASDAQ:TSLA) has released its delivery and production figures for the second quarter of 2023. As per the electric vehicle maker, it was able to produce almost 480,000 cars and deliver more than 466,000 vehicles in Q2 2023. The results were released early Sunday morning, July 2, 2023.
A look at Tesla’s Q2 results shows that the company produced 19,489 Model S and Model X in the second quarter. Around 19,225 units of the flagship vehicles were delivered to customers in Q2. The results bode well for the Model S and Model X, as only 10,695 units of the vehicles were delivered in the first quarter.
Similar to previous quarters, the lion’s share of Tesla’s production and deliveries in Q2 2023 was comprised of the Model 3 sedan and Model Y crossover. As per Tesla’s press release, the company produced 460,211 units of the mainstream vehicles in Q2. A total of 446,915 Model 3 and Model Y were delivered to customers in the second quarter.
Considering these results, Tesla effectively produced a total of 479,700 and delivered a total of 466,140 vehicles in Q2 2023. This represented an all-time high for the electric vehicle maker, both for production and deliveries.
Tesla’s Q2 2023 delivery results are quite in line with the Street’s expectations. Tesla’s company-compiled consensus, which includes 27 analysts, expected Q2 to have a total of 446,823 vehicles delivered. FactSet estimates pointed to 445,000 vehicles being delivered during the quarter. Bloomberg’s consensus data, however, listed an estimate of 448,000 units for Q2 2023.
Considering that Bloomberg’s consensus expected 448,000 vehicles and Tesla delivered 466,140 units, TSLA investors would be wise to expect some headlines on Monday suggesting that the Street’s expectations were “missed.” If one were to consider FactSet and Tesla’s company-compiled consensus, however, the second quarter’s delivery results were right on target.
