Tesla sets a new delivery record, falling short of Musk's 2 million target

In what is anticipated to be another historic quarter for electric vehicle (EV) giant Tesla, the company’s deliveries are expected to reach unprecedented levels. However, it appears that Tesla might not meet the ambitious 2 million annual delivery target proclaimed by CEO Elon Musk at the start of 2023. Despite facing a slowdown in sales, Tesla strategically utilized its industry-leading profit margins by implementing significant price cuts on its four car models globally through 2023. The primary focus was on the Chinese market, where Tesla had been losing ground to local competitors, including BYD