Tesla's full-year delivery volume expected to hit record high, but still short of Musk's goal

As 2023 comes to an end, industry leader Tesla's annual delivery of electric vehicles is expected to hit a new record, but it is still some way off Musk's goal of 2 million vehicles.

Faced with slowing electric vehicle sales, Tesla has used its industry-leading profit margins to slash prices on four models globally and focus on China, where it has lost market share to local companies such as BYD.

According to a survey of 14 analysts by LSEG, Tesla may deliver 1.82 million electric vehicles globally in 2023, a 37% increase from 2022, and approximately 473,000 vehicles in the fourth quarter.