Tesla has exceeded delivery estimates in Q2 2023, reporting record global production of 479,000 units and deliveries of 466,140. The increase in deliveries is attributed to price cuts and the federal electric vehicle tax credits introduced by the Biden administration. The majority of deliveries were for the Model 3 and Model Y vehicles, with a smaller number for the more expensive Model S and Model X. Tesla's sales in China have also been strong, with a significant number of vehicles delivered from its Shanghai gigafactory. Investors will be watching to see the impact of price cuts on margins when Tesla releases its Q2 earnings on July 19.

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