- Tesla delivered 1.8 million vehicles in 2023, meeting its full-year guidance with 35% production growth and 38% delivery growth versus 2022.
- Model 3 and Model Y made up the bulk of Q4 production and deliveries at 476,777 produced and 461,538 delivered.
- Tesla began deliveries of the new Cybertruck in the US and refreshed Model 3 globally in Q4, contributing to growth.
Tesla reported its fourth-quarter vehicle production and deliveries for 2023 on January 2nd, 2024. The electric vehicle company hit its guidance of at least 1.8 million deliveries for the full year.
Fourth Quarter Production and Deliveries
In the fourth quarter, Tesla produced 494,989 vehicles and delivered 484,507. This represents a 35% increase in production and a 38% increase in deliveries compared to the fourth quarter of 2022.
Annual Production and Deliveries
For the full year of 2023, Tesla produced 1,845,985 vehicles and delivered 1,808,581. This is up 35% in production and up 38% in deliveries compared to the full year 2022 numbers.
Model 3 and Y
The company produced 476,777 Model 3 and Model Y vehicles in Q4 and delivered 461,538. Tesla does not break out numbers by individual models.
Other Models
Tesla produced 18,212 Model S and Model X vehicles and delivered 22,969 in the fourth quarter. Again, it does not report individual model numbers.
New Product Deliveries
In December, Tesla began deliveries of its new Cybertruck model in the US. The company also started deliveries of the refreshed Model 3 sedan in some markets. Exact delivery numbers were not provided for these new products.
Outlook for 2024
On the Q3 earnings call, CEO Elon Musk said Tesla aims to grow volumes very rapidly in a cost-efficient way. More detailed guidance will be provided on the Q4 call on January 24th.
Conclusion
Tesla hit its goal of 1.8 million deliveries in 2023 through rapid growth of its Model 3 and Model Y vehicles. The company heads into 2024 aiming to continue its steep production and delivery trajectory.
