Tesla Inc. has reported robust sales figures for the fourth quarter of 2023, achieving its annual production and delivery goal of 1.8 million units. The quarterly performance was marked by significant contributions from the Model 3 and Model Y, which collectively constituted over 90 percent of the company's sales mix throughout the year.
In the final quarter, Tesla grouped the sales figures for the Model S and Model X with the recently introduced Cybertruck, which initiated deliveries in late November. Although specific numbers for the Cybertruck remain undisclosed, it is estimated that Tesla delivered fewer than 100 units in November and December.
The combined sales of “other models,” including the Model S and Model X, totaled 22,969 units in the last quarter of 2023. This figure represents a five-year high, surpassing any quarter since 2019, according to data from Saywer Merritt.
NEWS: The fourth quarter of 2023 saw the highest Tesla Model S/X deliveries of any quarter over the past five years. pic.twitter.com/Lpw7FAyVR9
— Sawyer Merritt (@SawyerMerritt) January 2, 2024
The delivery volumes for the Model S and Model X have experienced fluctuations, ranging from as low as 2,000 units in the first quarter of 2021, when both models underwent significant revamps and previous builds were discontinued, to as high as 19,225 units in the second quarter of 2023.
Despite their historical significance, the Model S and Model X constitute a relatively small portion of Tesla's overall quarterly and annual production. CEO Elon Musk acknowledged in 2019 that their continued production was largely driven by sentimental reasons, emphasizing their limited significance to the company's future plans.
Musk remarked, “I mean, they're very expensive, made in low volume. To be totally frank, we're continuing to make them more for sentimental reasons than anything else. They're really of minor importance to the future.” He praised the vehicles for their excellence, highlighting features such as variable damping suspension, hospital operating room ambiance, HEPA filter for air purification, and the Raven powertrain.
While the uptick in Model S and Model X sales is notable, it is suggested that lower prices for premium vehicles and tax credits for the Model X's Long Range configuration may have played a role in driving consumer interest during the quarter.