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 has added payment plan options to its shop items for the first time. They’ve partnered with Klarna, a deferred payment provider, to spread the cost of items across multiple payments. For now, this appears to be limited to the Tesla Shop in the United States—no support for other regions quite yet.
Payment Options
Klarna’s primary payment option allows buyers to get 0% APR for 6 weeks, with 4 payments. The payment schedule is essentially one payment every two weeks for whichever product you buy - enabling you to buy now, and pay later with 0% financing.
For example, the payment schedule for the $420 Wall Connector is evenly divided into four portions. Of course, you’d also have to pay for shipping and taxes, both of which will be included in your first payment.
Payment 1
Payment 2
Payment 3
Payment 4
Amount
$105
$105
$105
$105
Payment Due
Day of Purchase
Week 2
Week 4
Week 6
For some of Tesla’s more expensive Shop options - like the Cybertent, this could be a fantastic means for some owners to pick up something more expensive without having to worry about interest charges on their credit card.
Klarna also offers some other payment schedules, which do have interest. While these are far more expensive and are more like credit cards, they still provide buyers a means to buy now and pay over time. These are all open loans as well, so you can pay them down at a faster rate, thereby reducing the overall interest.
Payment Schedule
Payment Rate
Interest Rate
6 Months
Monthly
7.99% to 33.99%
12 Months
Monthly
7.99% to 33.99%
FSD Payment Options?
We’d love to see an equivalent payment option available for Tesla’s FSD purchase, which is currently $8,000, even if it's bought after the vehicle purchase. The high upfront cost is likely one reason why Tesla’s FSD subscription is so popular.
It’s likely that purchasing FSD is much more popular at the time of vehicle purchase, as owners can roll the cost of FSD into their financing rather than paying the full $8,000 later on.
IPO Filing
Interestingly enough, along with today’s news that Klarna is working with Tesla, Klarna has also filed for an IPO in the United States. It is one of the first financial tech (FinTech) companies to file for an IPO in 2025 and, interestingly, one of the first European companies to conduct an IPO in the United States.
For those who trade in the financial sector, this will be one to watch—Klarna was valued at around $46 billion in 2021 and is now valued at approximately $15 billion. Partnering with a large and well-known brand like Tesla could uplift Klarna, but that’s all financial speculation.
Earlier this year, Tesla released a update for its Beach Buggy Racing 2 game in update 2024.20, which brought a new leaderboard feature to the game.
Grab your wheel, and step on the accelerator, because it's time to take a look at Tesla’s updated Beach Buggy Racing 2 – Supercharger Edition.
Supercharger Leaderboards
Tesla introduced Supercharger Leaderboards to the game, which means anytime you’re at or near a Supercharger site, you can open up Beach Buggy Racing, and compete against other real people in a local leaderboard. Leaderboard are time-based, so that you’re able to compete against other drivers even if there’s no one else currently at the Supercharger.
Leaderboards are available for each track and are location specific, meaning that all Supercharger locations have their own unique leaderboard.
When you arrive at a Supercharger Tesla will prompt you to play Beach Buggy Racing and take a stab at the Leaderboards, but you don’t actually need to be charging to play. All the game requires is that your vehicle is physically at the Supercharger location.
So far, there are no global leaderboards, but competing with fellow Tesla owners at your local Supercharger offers a fun way to pass the time during a 15-minute charge.
Vehicle Colorizer
Not a Tesla App
One lesser known feature of Beach Buggy Racing is that changing your vehicle’s on-screen color through Tesla’s Colorizer will also change the way your vehicle looks in Beach Buggy Racing. It’s a neat little easter egg, but it's all the small details that count. The paint style options apply as well – so Solid, Matte, and Metallic also all reflect in the game.
How to Play Beach Buggy Racing
There are a few ways to play Beach Buggy Racing, and Tesla has thought of everything for this specific game.
You can open up the game from Tesla Arcade when the vehicle is in Park. You have three control options – using the touchscreen, using a Bluetooth or USB controller, or using your vehicle’s steering wheel.
If you’re using the steering wheel, keep in mind that unless you’ve got a Cybertruck with Steer-by-Wire, your actual wheels will also turn. This can add some flat spots to your tires if you play excessively. We recommend using a controller or the touchscreen. Keep in mind that if you’re playing with the vehicle’s steering wheel, you actually use the Brake pedal to accelerate, not the real accelerator pedal.
The author recently took first place at the Leaderboards for the Supercharger in Scarborough, so if you’re in Toronto anytime, feel free to challenge my score! If you’re a leaderboard holder, come let us know where you took first place in the forums.
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