AssetID: 52873576
Headline: UNCAPTIONED: Tesla Posts Record Q2 Sales
Caption: Tesla Posts Record Q2 Sales. Tesla has surpassed Wall Street estimates amid price cuts and newly-implemented EV tax credits, TechCrunch reports. In Q2 2023, Tesla produced a record amount of 479,000 vehicles with a record delivery of 466,140. That's 10% more than Tesla delivered in Q1 and 83% more year-over-year, TechCrunch reports. 460,211 Model 3 and Y vehicles were delivered, while only 19,489 of the more expensive Model S and X vehicles were delivered. According to the China Passenger Car Association, nearly half of those deliveries were likely provided by the company's Shanghai gigafactory. In addition to Tesla's other vehicles, the Model 3 is now eligible for the entire $7,500 federal tax credit. The company's strategy to cut prices is seemingly helping to boost sales as well. However, in Q1, the price cuts resulted in a 24% net income decrease year-over-year. Tesla will reveal Q2 earnings on July 19. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Tesla,posts,record,Q2,sales,electric cars,electric vehicles,price cuts,newly-implemented,EV tax credits,delivered,automobile,United States,America
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