Elon Musk: Tesla delivers record number of cars after price cuts

Multimedia

3-07-2023, 22:00

INA - SOURCES

Electric carmaker Tesla says it delivered a record number of vehicles in the three months to the end of June, after cutting prices to boost sales.

It has lowered prices in markets including the US, UK and China to compete with rival manufacturers. This weekend, major Chinese car makers also reported a surge in sales in June.

Earlier this year, Tesla boss Elon Musk said he believed pursuing higher sales, with lower profits, was the "right choice" for the company.

Tesla said it delivered 466,140 vehicles in the second quarter, which was more than 80% higher than a year earlier. Meanwhile, the company said it had increased vehicle production to nearly 480,000 in the same period.

The firm been cutting prices in the world's second largest economy, where it faces competition from local electric car makers.