Tesla Delivers Record-Breaking Number of EVs in Second Quarter
Tesla continues to dominate the US electric vehicle market, achieving a remarkable new milestone by producing a record-breaking 479,700 vehicles internally. Furthermore, the company successfully delivered 466,140 of these vehicles in the second quarter, marking an impressive year-on-year increase of approximately 87 percent.
The company made headlines in the second quarter after opening up its previously patented charging port design to the rest of the industry. Mercedes, Volvo, Rivian and GM vehicles will use the design in their North American models starting in the 2024 model year. Texas went so far as to require its state-funded EV charging stations to comply with the standard. The station capacity of Tesla’s charging network has increased by a third from the same time last year, and a total of 48,082 chargers have been distributed to 5,265 stations worldwide.
The first production Cybertruck rolled off the assembly line this quarter as well, though you didn’t see much of the vehicle from its official release photo. The Cybertruck line has entered tooling, according to the company, and is expected to begin steady production sometime next year.
“We are now testing Cybertruck vehicles around the world for final certification and validation,” the company wrote in its Q2 investor package. “This may be the most unique vehicle product in decades; with it comes the experimentation and testing of new technologies.”
Over the past quarter, the company has experienced several scandals, including its executives accused of overpaying by $735 million since 2017, and Elon being suspected of misappropriating company funds to build a glass house. Not a fancy aboratory, not a metaphor for Twitter, a literal “glass house.”
Wednesday’s investor package specifically noted Tesla’s “commitment to being at the forefront of AI development” as it began production for its Dojo training computers, which will be used to help Autopilot developers iterate future models and features. Details were scarce, but we expect company executives to discuss this initiative further during the Q2 investor call, which begins at 5:30 PM ET.
Stay tuned to ReturnByte for the latest on that call, as well as whatever wacky and problematic legal pronouncements CEO Elon Musk shares.
This is a developing story. Check for updates.
