Tesla reports vehicle deliveries are up about 35 percent from last year in first quarter following price cuts

• Tesla published its Q1 production and deliveries data Sunday, reporting a record number of deliveries.
• A series of price cuts initiated by the company in January seem to have increased demand for the EVs.
• Investors will get a better picture of how the cuts affected the company’s finances during an earnings call later this month.

Tesla reported a record number of vehicle deliveries for the first quarter of 2023, up about 36% from the first quarter of 2022, as the company pushed to increase sales with a series of price cuts this year.

The electric vehicle manufacturer reported production of about 440,000 vehicles, and just under 423,000 vehicle deliveries, the closest figure to sales that Tesla reports, in the first quarter.