TESLA has just released the production and delivery numbers for 2023. For the fourth quarter of 2023, they produced 494,989 vehicles and delivered 484,507 vehicles to customers.

This brings Tesla’s total production for 2023 to 1,845,985 vehicles, while deliveries amounted to 1,808,581 units. In 2022, the electric vehicle (EV) maker reported production of 1.37 million vehicles and deliveries of 1.31 million units.

So, the new 2023 figures show a 35 percent increase in production and a 38 percent increase in deliveries year over year. In a report in October 2023, Tesla executives forecasted that the company would produce at least 1.8 million vehicles for the year. However, this figure represents a change from the previously expected 2 million.

Tesla produced 476,777 units of the Model 3 and Model Y in the fourth quarter, with 461,538 deliveries for these models.

They did not disclose figures for the Model S and X but categorized them as “other models.”

In the fourth quarter of 2023, Tesla also sold the updated version of the Model 3 sedan, the Highland, in several markets. Then in December, they also began deliveries of the newest EV, the Cybertruck, in the United States (US).

There were also no figures disclosed for the Cybertruck and Semi, the heavy-duty commercial truck produced in small numbers at the battery plant near Reno.

Tesla’s closest global competitor is BYD, which sold 3.02 million new energy vehicles in 2023, with 1.6 million being battery electric vehicles (BEVs) and 1.4 million being hybrid electric vehicles (HEVs).