"Tesla Hits 2023 Milestone Despite Quarterly Performance Dip"

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Source: TESLARATI
"Tesla Hits 2023 Milestone Despite Quarterly Performance Dip"
Photo: TESLARATI
TL;DR Summary

Despite a production slowdown in the third quarter due to line upgrades at its factories, Tesla managed to meet its major 2023 production and delivery goal of 1.8 million vehicles. The introduction of the new Model 3 "Highland" and various sales incentives, including price cuts and promotions, contributed to a strong final quarter, nearly reaching 500,000 vehicles produced. Although the Cybertruck's impact on deliveries was minimal, Tesla's overall performance demonstrated the potential to achieve even higher production numbers, with the company looking to introduce the Model 3 Highland in the U.S. and ramp up Cybertruck production.

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