Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2023

Rhea-AI Summary

Tesla produced over 440,000 vehicles and delivered more than 422,000 vehicles in the first quarter of 2023, maintaining a gradual shift towards a balanced regional production mix. The production included 19,437 Model S/X and 421,371 Model 3/Y vehicles. The company will disclose its detailed financial results for Q1 2023 after market close on April 19, 2023, followed by a live Q&A session at 4:30 p.m. CT to discuss earnings and outlook. It's important to note that vehicle deliveries are only one measure of financial performance and do not solely indicate quarterly results.

Positive

• Production of over 440,000 vehicles in Q1 2023.
• Deliveries exceeded 422,000 vehicles.
• Balanced regional production mix, including international transit.

Negative

• None.

AUSTIN, Texas--(BUSINESS WIRE)-- In the first quarter, we produced over 440,000 vehicles and delivered over 422,000 vehicles.

We continued to transition towards a more even regional mix of vehicle builds, including Model S/X vehicles in transit to EMEA and APAC.

	Production	Deliveries	Subject to operating lease accounting
Model S/X	19,437	10,695	10%
Model 3/Y	421,371	412,180	5%
Total	440,808	422,875	5%

***

Tesla will post its financial results for the first quarter of 2023 after market close on Wednesday, April 19, 2023. At that time, Tesla will issue a brief advisory containing a link to the Q1 2023 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

What: Date of Tesla Q1 2023 Financial Results and Q&A Webcast
When: Wednesday, April 19, 2023
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q1 2023 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

For additional information, please visit https://ir.tesla.com.

***

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230402005042/en/

Investor Relations:

ir@tesla.com

Source: Tesla

FAQ

What are Tesla's Q1 2023 vehicle production and delivery numbers?

In Q1 2023, Tesla produced over 440,000 vehicles and delivered more than 422,000 vehicles.

When will Tesla announce its Q1 2023 financial results?

Tesla will announce its Q1 2023 financial results after market close on April 19, 2023.

What time is the Tesla Q1 2023 earnings webcast?

The Tesla Q1 2023 earnings webcast will be held at 4:30 p.m. Central Time on April 19, 2023.

What financial metrics will Tesla report in Q1 2023?

Tesla will report net income and cash flow results along with its overall financial performance in the Q1 earnings announcement.

What is the significance of Tesla's vehicle deliveries?

While Tesla's vehicle deliveries are an important metric, they should not be solely relied upon as indicators of the company's quarterly financial performance.