Tesla (TSLA) is on pace for a record quarter

Tesla (TSLA) is on pace for a record quarter

The Tesla Model 3 has quickly become one of the most popular Electric cars in the world. The company’s success is due in large part to their innovative design and technology, as well as their commitment to creating a sustainable future. Tesla has been on a roll lately with record deliveries in the United States, China, and Norway.

The United States has seen an unprecedented demand for the Model 3, thanks in part to the massive price drop Tesla made earlier this year. This has resulted in the company running out of new production build slots for the Model Y, the company’s most popular model, halfway into the quarter.

In China, Tesla has already exceeded its record for deliveries in the country with 126,000 vehicles delivered. This number is expected to reach 140,000 vehicles by the end of the quarter. Norway has also seen a record month for March with 7,000 vehicles delivered and is expected to reach 10,000 vehicles by the end of the quarter.

The Wall Street consensus for Tesla deliveries worldwide in Q1 2023 is 420,000 vehicles, up about 15,000 units from the previous quarter and up over 100,000 units year-over-year. If Tesla is able to exceed this number, it would be a sign of the company’s continued success and could mean that their goal of 1.8 million units this year is achievable.

Tesla has made impressive strides in the Electric vehicle industry and their success will continue as they continue to innovate and focus on sustainability. It will be interesting to see how Tesla fares in Q1 2023 and whether or not they will be able to exceed the Wall Street consensus.

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