Tesla's Record Deliveries Exceeds Expectations

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Tesla recently reported on their Q2 2023 deliveries and production and the results are better than expected.

Tesla Exceeds Expectations

For those of you following Tesla, you know that quarter after quarter, Tesla has mostly had a record quarter every single time. Q2 of 2023 is no different, and Tesla exceeded all expectations in its production and delivery numbers.

This matters for several reasons. First, it continues to prove the thesis that EVs are the next technology that cars are moving to, as around 7% of vehicles are EVs now and that number continues to increase rapidly.

7% may not seem like much, but in a few years, it's going to be 20%, then 40%, then 80%, and it will seem like EVs just came out of nowhere and became the standard without much warning.

However, the warning has been here for quite some time if you've seen the growth of Tesla. All companies must transition to EVs since they are much more efficient, long-lasting, and environmentally friendly.

Tesla Will Continue To Break Records

Tesla is going to continue to break records, and this quarter was largely what was expected - albeit a bit more of a beat than most thought it would be.

Certainly, Tesla lowering prices helped them beat expectations like this, but they haven't been lowering prices anymore and in fact, raised prices by a little.

EVs are the future and anyone who doesn't see this and didn't invest in Tesla will simply say that it was lucky for those who did, but I don't see it that way. I see Tesla as such a no-brainer investment due to the many advantages that EVS have and will continue to have over time.

EVs will continue to get better technology and batteries. A gas car can't improve much from what it is as far as the engine goes. You can make a bigger engine for bigger gas, but you can't do much more in the efficiency of the vehicle and the engine.

You can increase the efficiency of an EV by improving the battery, electric motor, drive train, power train, and all the components that work together to make an EV function.

Tesla reported the following results:

  • 466,140 vehicles delivered
  • 480,000 vehicles produced
  • A 5% beat above Wall Street expectations

With the Cybertruck releasing in Q3 of 2023, I expect to see Tesla continue to beat expectations. Do you think they will continue to beat expectations?

 

Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter, Facebook, LinkedIn and Instagram to stay in touch and follow his Tesla news coverage on Torque News.