The US electric vehicle manufacturer Tesla produced and delivered more cars in the second quarter from April to June than experts had expected. Production was at almost 480,000 vehicles, the company said on Sunday in Austin. A good 466,000 units were delivered. Analysts had expected significantly less for both sizes. In the first half of the year, the company produced around 920,500 cars, as announced on Sunday. The goal for the year as a whole is the production of 1.8 million vehicles.
The price cuts earlier in the year “have borne fruit,” said market research firm Wedbush Securities. The demand is apparently still very high, more efficient production has made the “massive” deliveries possible. However, as in the first quarter, production exceeded deliveries. However, at 13,560 vehicles, inventory build-up in the second quarter was smaller than in the first three months of the current month, when overproduction was at more than 18,000 vehicles.
In the USA, Tesla also benefits from the government’s Inflation Reduction Act (IRA) subsidy program: when you buy a Tesla Model 3, you get a tax exemption of 7500 dollars (almost 6900 euros). The sum was initially significantly lower, which is why Tesla moved all production to the USA. The IRA supports companies that locate their manufacturing in the USA. Tesla had previously manufactured parts of the Model 3 in China. Tesla produces in the USA, in China and in Grünheide in Brandenburg. Another plant is planned in northern Mexico.
