Summary
Deliveries slightly exceeded expectations in Q2 2024 with 443,956 cars delivered.
Tesla’s Q2 2024 production numbers show 422,405 Model 3 and Model Y vehicles delivered, and 21,551 Model S, Model X, and Cybertruck vehicles delivered.
Despite a decline in deliveries compared to Q2 2023, Tesla’s Q2 2024 results were higher than Q1, with 410,831 vehicles produced.
Tesla made a record 9.4 GWh of energy storage product deployments in Q2 2024.
Overall in 2023, Tesla delivered 1,808,581 cars and produced 1,845,985 vehicles, with the Model 3 and Model Y making up the majority of deliveries and production.
Article
**Tesla Q2 2024 Delivery Report**
Deliveries in Q2 2024 slightly exceeded expectations, with a total of 443,956 cars delivered by Tesla. This is above the expected number of around 438,019 vehicles for the April to June period. Despite the positive results, this marks the first time Tesla has posted two straight quarters of decline, as in Q2 2023, they delivered 466,140 vehicles. However, the Q2 2024 result is a significant improvement over Q1 when Tesla delivered 386,810 vehicles. The breakdown of vehicles delivered in Q2 2024 shows 422,405 for the Model 3 and Model Y, and 21,551 for the Model S, Model X, and Cybertruck.
**Production Figures for Q2 2024**
On the production side, Tesla produced a total of 410,831 vehicles in Q2 2024, with 386,576 Model 3s and Model Ys combined. The Tesla Model S, Model X, and Cybertruck accounted for 24,255 vehicles produced. This production figure is slightly below the deliveries for the same period. Tesla reported deploying 9.4 GWh of energy storage products in Q2, which is the highest quarterly deployment yet. While Tesla did not provide any additional comments or context on production or deliveries, the company is expected to release its financial results for the second quarter of 2024 after the market closes on Tuesday, July 23, 2024.
**Looking Back at Previous Quarters**
In Q1 2024, Tesla delivered a total of 386,810 cars, with the majority being Model 3 and Model Y vehicles. Production figures for the same period showed Tesla producing a total of 433,371 vehicles. In Q4 2023, Tesla delivered 484,507 cars, with the Model 3 and Model Y once again making up the bulk of deliveries. Production figures for Q4 2023 stood at 494,989 vehicles. For the whole of 2023, Tesla delivered 1,808,581 cars and produced 1,845,985 vehicles, with the Model 3 and Model Y accounting for the majority of both figures.
**Analysis of Q2 2024 Results**
Despite posting two consecutive quarters of decline, Tesla’s Q2 2024 delivery results slightly exceeded expectations and showed improvement over Q1 2024. The breakdown of deliveries showed strong numbers for the Model 3 and Model Y, as well as some deliveries for the Model S, Model X, and Cybertruck. Production figures for the same period were slightly below delivery numbers, indicating room for potential growth in future quarters. Tesla’s quarterly deployment of energy storage products hit a record high in Q2 2024, showcasing the company’s commitment to innovation and expansion.
**Financial Results and Future Prospects**
With Tesla set to release its financial results for Q2 2024 soon, investors and analysts will be keeping a close eye on the numbers to gauge the company’s financial health and performance. Despite the challenges faced in previous quarters, Tesla’s strong delivery numbers in Q2 2024 indicate resilience and potential for growth in the future. The company’s focus on innovation, sustainability, and expansion into new markets bodes well for its long-term prospects. As Tesla continues to push the boundaries of electric vehicle technology and energy storage solutions, it remains a key player in the automotive industry and a leader in the transition to a sustainable future.
**Conclusion**
Tesla’s Q2 2024 delivery report showed strong numbers, with deliveries slightly exceeding expectations and production figures indicating the company’s potential for growth. Despite posting two consecutive quarters of decline, Tesla’s performance in Q2 2024 demonstrates resilience and innovation. With a focus on expanding its product lineup, improving efficiency, and deploying energy storage solutions, Tesla remains a key player in the automotive industry. As investors await the financial results for Q2 2024, all eyes are on Tesla’s future prospects and its continued commitment to sustainability and innovation.
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