Tesla reported a new record high number of deliveries in the first quarter of 2023 as the impact of price cuts instituted in January may have had a positive impact on demand.
Tesla published its Q1 production and deliveries data Sunday, reporting a record number of deliveries.
A series of price cuts initiated by the company in January seem to have increased demand for the EVs. Investors will get a better picture of how the cuts affected the company's finances during an earnings call later this month. Tesla reported a record number of vehicle deliveries for the first quarter of 2023, up about 36% from the first quarter of 2022, as the company pushed to increase sales with a series of price cuts this year.
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