Tesla's vehicle production by quarter Q1 2024

Tesla Inc.’s most recent quarterly vehicle production volume came to nearly 433,400 units. Tesla's production level in the first quarter of 2024 decreased by some 12.4 percent quarter-on-quarter and by approximately 1.7 percent year-on-year.

Growth amid crisis

It was anticipated that the coronavirus outbreak in China would affect the productivity of Tesla's Shanghai factory. However, Tesla's output reached almost 185,000 vehicles in the first two quarters of 2020. As the virus began to spread to the American continent, work at the U.S. factory in Fremont, California was stopped. The plant's reopening in May was met with criticism but contributed to the over 82,000 units that were produced in the second quarter of 2020. Tesla witnessed production growth in all subsequent quarters. The company's output level reached a new record in the fourth quarter of 2023.

Leading the electric vehicle market

Tesla produced nearly 1.85 million vehicles in 2023, an roughly 35 percent increase on the company's stellar 2022, which had been driven to a large extent by Model 3 and Model Y production and sales figures. The Tesla Model 3 was the world’s best-selling plug-in electric vehicle in 2020 and 2021. In 2023, it faced tough competition from other Tesla models, including the Model Y and the refreshed Model S Plaid, and came third in the best-seller ranking.