Tesla Earnings Preview: Another Blowout Quarter and a Trough in Auto Gross Margin
Record-breaking delivery and price warTesla has already reported delivery numbers for Q2 2023, easily beating expectations as the effects of the electric-vehicle maker’s price cuts, combined with federal EV tax credits, are boosting sales. For the quarter, Tesla reported global production of 479,700 units with deliveries of 466,140. The delivery figure easily topped Wall Street consensus estimates of 448,599 units, as well as the prior quarter’s total of 422,875. Both production and delivery tot