Tesla has once again surpassed expectations with its Q2 2023 performance. The electric vehicle giant produced nearly 480,000 vehicles and delivered over 466,000 vehicles during the second quarter, eclipsing market predictions and reaching new record highs.
The Stars of the Show: Model 3 and Model Y
Tesla's workhorses, Model 3 and Model Y, led the charge in total production and deliveries. With 460,211 Model 3 and Model Y vehicles produced and 446,915 delivered, these models continued to underline their popularity among consumers. Tesla's flagship vehicles, Model S and Model X, also contributed to the numbers with a solid production of 19,489 units and 19,225 units delivered.
Increased incentives bolstered this robust performance, a strategic shift towards a more balanced regional mix of vehicle builds, and reduced prices.
Charting Tesla's Phenomenal Growth Journey: From 22,442 to 5 Million
In addition to setting records in Q2, Tesla is on the brink of a significant milestone. The company is anticipated to produce its five millionth vehicle this quarter, a tremendous achievement that underscores its dominant position in the EV space.
To appreciate the significance of this milestone, let's take a brief trip down memory lane. Back in 2013, Tesla produced 22,442 vehicles. The following years witnessed remarkable growth, with 31,655 vehicles produced in 2014, 50,792 in 2015, and 75,890 in 2016.
Despite the growing pains, Tesla's production numbers took off, hitting 103,014 in 2017. The next year, they more than doubled to 245,491. The momentum continued, and by 2019, the company produced 367,656 vehicles. The production nearly crossed the half-million mark in 2020 with 499,647 vehicles, and by 2021, the number soared to 936,222. In 2022, Tesla hit a new record by producing 1,313,851 vehicles.
Financial Results Announcement: Mark Your Calendars for July 19
Investors, analysts, and EV enthusiasts will be paying attention on July 19, 2023. Tesla will announce its financial results for the second quarter after market close. A live Q&A webcast will follow at 4:30 p.m. Central Time to discuss the company’s financial and business results and its outlook for the future.
As Tesla gears up to build its five millionth vehicle and start producing Cybertruck, it's clear that the company has experienced exponential growth over the past decade. This trajectory, characterized by tenacity, innovation, and commitment to customer satisfaction, sets the stage for what promises to be another record-breaking year in 2023. With the financial results for Q2 2023 on the horizon, Tesla's growth story is far from over. As we've seen over the years, the sky's the limit.
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Tesla’s Insurance program is offered in just a few US states - but it offers an integrated and seamless solution since it's built directly into the Tesla app. And now that experience is about to get even better if you own or subscribe to FSD.
With Tesla Insurance, you can view your documents, billing, payment details and even make claims right in the Tesla app. Additionally, Tesla offers varying levels of coverage with different plans, and you can also insure non-Tesla vehicles in addition to your Tesla.
In all states except for California, Tesla uses your Safety Score to help determine your insurance rate. So the safer you drive according to Tesla’s factors - the higher your Safety Score. A higher score means you pay less for insurance, while a lower score increases your rate. Rates can change on a month-to-month basis, so you can adjust your driving to become a safer driver to benefit more.
FSD Discount
Based on information pulled from Tesla’s latest app update - V4.41.0 - it seems that Tesla intends to introduce a new feature. These findings were discovered during a recent decompile of the Tesla app by Tesla App iOS. Tesla’s Safety Score already shows you how much you drive in FSD or Autopilot versus driving manually.
According to the decompiled information, the Safety Score may soon also factor in the percentage of time that you use FSD compared to the time you drive manually. It seems that driving on FSD more often will result in a higher safety score and, therefore, lower your insurance rate.
Sadly, Safety Score is only available to view if you subscribe to Tesla Insurance in a supported state. We’d love to see Tesla bring Safety Score to all users - whether or not they’re eligible or subscribed to Tesla Insurance. Seeing progress bars or seeing statistics improve in real-time can gamify becoming a safer driver.
Cheaper FSD?
This is an interesting change and could potentially even help attract people to use FSD more often. If you could cut your insurance rate by $50 a month and subscribe to FSD for just $99 a month - would that be enough of a positive factor for people to subscribe?
Effectively, if the discount is big enough, it could offset the cost of subscribing to FSD, increasing the revenue for Tesla.
We really hope this is the way Tesla is going because increasing FSD adoption will be key to both increasing real-world training data, as well as accelerating the adoption of a tech that will make roads safer both for FSD users and other road users.
We’re really looking forward to seeing how Tesla implements these changes - and hopefully they bring Tesla Insurance to even more states and countries in the near future.
After a truly long wait, it seems like Tesla is finally implementing Ultra-wideband (UWB) support for Android phones. Ultra-wideband allows for much more accurate phone tracking, leading to new features and a more reliable phone key. Tesla initially rolled out UWB Phone Key and app support for iOS users back with software update 2024.2.3 - which launched in February 2024.
Nearly a year later, we’re finally seeing signs of Tesla adding ultra-wideband support to Android devices. For Android users, this is exciting news, as it could add new features to your vehicle.
Android UWB Flag
A new flag related to ultra-wideband has been found in the latest Tesla app, version 4.41.0, thanks to a decompile by Tesla App iOS.
The new flag is labeled “MOBILE_APP_FEATURE_ANDROID_UWB_ENABLED,” which makes it pretty obvious that it’s related to Android UWB support.
Supported Devices
Most Android phones - especially flagship devices - already support and use UWB for other uses, but it’s not available on all phones. If you have a Google Pixel 6 or higher, Samsung Fold 2 or higher, Samsung S21+, or other recent Android phone, then your phone already supports ultra wideband.
However, since the advantage of UWB is the communication between the phone and the vehicle, your vehicle will need to support UWB as well.
Supported Models
Since ultra-wideband requires specific hardware, it can’t be added in a software update unless the hardware is already in the vehicle. Only some of the latest Tesla vehicles appear to support the new wireless protocol.
Here is the full list of supported Tesla models:
2024 Model 3 (Highland) and later
2021 Model S and later
2021 Model X and later
Cybertruck
2025 Model Y (Juniper) is expected to support UWB
The legacy Model S and Model X, as well as the first-gen Model 3 and current Model Y unfortunately do not support UWB.
More Reliable Phone Key
First up for UWB support is an improved phone key. The addition of UWB provides a low-power way for your vehicle to determine exactly where your device is in relation to your vehicle. That means the phone key will become more reliable - and more precise.
All supported vehicles above will support hands-free trunk opening, while automatic frunk opening is only supported on the Model S, Model X and Cybertruck.
For the first time, Android users will be able to set hands-free options for their vehicles, making it possible to open the trunk simply by standing behind the vehicle for two seconds. Once the vehicle detects you haven’t moved, a beep will sound and the trunk will open.
NFC Prompt
This app update is also adding a new interesting flag called SHOW_NFC_PROMPT. It seems Tesla is going to be adding a prompt to the app that will help people get back into their vehicles when their phone key fails. A device’s NFC capability actually remains active even if the phone has turned off due to a low battery. also remains active if you’ve drained the battery of your phone - so you’ll still be able to get into your vehicle and plop your phone on the charger.
Since Android devices can be set up and used as NFC key cards, you’ll be able to enter your vehicle even if your battery is depleted. This feature flag could be used to display something on your phone when the phone key fails to open the vehicle. It could ask you to use the device’s NFC capabilities or show you where to tap your phone or key card.
Release Date
Unfortunately, there’s no way of telling when this feature will arrive for Android users. However, seeing references in the app at least meaning that Tesla is at least actively developing the feature. While it could arrive any day now via a server-side change, it could also take another month or two for Tesla to complete any required testing across a variety of devices.
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