Tesla 2023: A year of Growth

Tesla has announced its performance metrics for the fourth quarter and the full year of 2023, showcasing a surge in vehicle production and deliveries. The electric vehicle giant produced approximately 495,000 vehicles and delivered over 484,000 vehicles in Q4’23.

Annual Performance

The year 2023 marked a 38% year-over-year (YoY) increase in vehicle deliveries, totaling 1.81 million. This growth is complemented by a 35% YoY increase in production, with a total of 1.85 million vehicles produced.

Breakdown of Tesla’s 2023 Success:

  • Model 3/Y: The bulk of production and deliveries were dominated by the Model 3/Y, with 1,775,159 units produced and 1,739,707 units delivered.
  • Other Models: Other models also saw a significant uptick, with 70,826 produced and 68,874 delivered.

Q4 2023: A Strong Finish to a Stellar Year

The Model 3/Y again led the charge:

  • Model 3/Y Production: 476,777 units
  • Model 3/Y Deliveries: 461,538 units
  • Other Models Production: 18,212 units
  • Other Models Deliveries: 22,969 units

Tesla is set to post its financial results for the fourth quarter of 2023 on January 24, 2024. Another anecdote re Tesla is coming from EV news site Electrek and involves Norway. Tesla vehicles, the most popular car brand in Norway, are facing bans at driving schools due to a unique issue: Tesla’s new turn signal system. Traditional turn signal stalks have been replaced by force touch buttons on the steering wheel. Tesla argues this change is in preparation for self-driving capabilities, but it’s widely seen as a less intuitive and even dangerous method, especially during maneuvers like roundabouts.