Elon Musk: Tesla has set a record for car sales

Tesla says that after reducing prices to increase sales, it was able to set a record for car sales in the quarter ending in June 2023.

Tesla CEO Elon Musk said in early 2023 that the right choice for this company is to increase sales with lower profits.

Now Tesla has announced that it has released 466,140 vehicles in the second quarter of 2023, which is 80% more than last year.

Tesla also said that it increased its production of cars to 480,000 units during the same period.

Bill Russo, the founder and chief executive of Automobility, told the BBC that Tesla made the right strategic choice in the field of mass production of cars.

Dan Ives of Wedbush Securities also told the BBC that Tesla’s price cut in China was a smart move. China is Tesla’s second largest market after North America.

Li-Auto recently announced that Tesla’s June sales in China reached an all-time high of 32,575 units, the third consecutive monthly sales record.

“We are not looking for a price war, we are only lowering prices to provide affordability to customers,” Musk wrote on Twitter.

Tesla is scheduled to release its financial report for the second quarter of 2023 on July 19.

Source: BBC