"Tesla Hits Record 1.8M EV Deliveries in 2023 Despite Rising Competition and Wall Street Caution"

Tesla has reported a record delivery of 1.8 million electric vehicles (EVs) in 2023, marking a 38 percent increase from the previous year, although falling short of its initial 2 million target. The company produced 1.846 million EVs, with the Model 3 and Model Y making up the bulk of the last quarter's production and deliveries. Despite facing competition from China's BYD, which sold 1.6 million fully electric cars, Tesla exceeded analyst expectations for Q4 2023. Tesla's sales were potentially aided by price reductions attributed to economic factors, while the company continues to navigate challenges, including regulatory scrutiny of its Autopilot system.