Tesla Q1 deliveries beat expectations as China helps boost sales

Tesla said Sunday it delivered 422,875 electric vehicles in the first quarter of 2023, just beating Wall Street estimates of around 420,000 units. The company produced 440,808 vehicles in the same period.
The delivery and production numbers are record results for the EV maker. In the fourth quarter of 2022, Tesla delivered 405,278 and produced 439,701 units. Those Q4 deliveries were also record results, but they missed Wall Street expectations.
It appears that a large percentage of deliveries came from vehicles produced by Tesla’s Shanghai gigafactory. The automaker has been issuing pric

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