Tesla Beats 2nd-Quarter Delivery Estimates as Price Cuts Pay Off

Tesla Beats 2nd-Quarter Delivery Estimates as Price Cuts Pay Off
Tesla Model 3 vehicles for sale at a Tesla facility in Fremont, Calif., on May 23, 2023. Carlos Barria/Reuters
Reuters
Updated:

Tesla Inc. on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable.

The Elon Musk-led company handed 466,140 vehicles in the April to June period, up 10 percent from the preceding quarter, and 83 percent higher from a year earlier.