Price Cuts Boost Tesla’s 4th Quarter Sales, Beating Estimates

Price Cuts Boost Tesla’s 4th Quarter Sales, Beating Estimates
A Tesla charging station in Woodstock, Ga., on Sept. 28, 2023. Mike Stewart/AP Photo
The Associated Press
Updated:
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DETROIT—Steep price cuts helped electric vehicle maker Tesla Inc. increase its fourth-quarter vehicle sales by almost 20 percent as EV sales growth slowed across the industry.

The Austin, Texas, company said Tuesday that it sold 484,507 vehicles worldwide from October through December. That handily beat Wall Street estimates of 473,000 for the quarter, according to data provider FactSet.