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Tesla's Q2 Vehicle Deliveries Surge 83%, Outpacing Wall Street Projections; Full Earnings on July 19

Tesla unveiled its production and delivery figures for the second quarter on Sunday, reporting an 83 percent increase in deliveries compared to the same period last year.

From April to June, the company delivered a total of 466,140 vehicles, marking a 10 percent rise from the first quarter. Among these, 19,225 were Model S/X vehicles and 446,915 were Model 3/Y vehicles. The company's production tally for the same period stood at 479,700 vehicles, including 19,489 Model S/X cars and 460,211 Model 3/Y cars.

In the corresponding quarter of 2022, Tesla had delivered 254,695 vehicles and produced 258,580.

The new data boosts Tesla's total vehicle production to nearly 900,000 for the first half of the year, surpassing expectations from Wall Street. This surge in production follows Tesla's decision to slash prices on its vehicles earlier this year, including a significant $5,000 cut for its high-end Model S and Model X vehicles in April.

The initial price reductions in January were aimed at qualifying some Tesla models for the new $7,500 EV tax credits introduced under the Inflation Reduction Act, which has strict pricing requirements. As per the information on Tesla's website, the Model 3 and Model Y could qualify for this tax credit.

Tesla also announced that it will disclose its full Q2 earnings on July 19.


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