Even though we are only halfway through the quarter, Tesla has sold out of Model Ys in the United States for the quarter, with production projects scheduled in April.
Tesla has seen a surge in orders in the United States due to significant price drops and a new $7,500 federal tax credit for electric vehicles.
According to sources familiar with the situation, Tesla has completely sold out of production construct slots for the quarter for the Model Y, which is now Tesla’s highest-volume model.
While Tesla has sold out of new production “build slots,” some specific setups will still be available in some markets.
Model Y’s delivery this 2023
The carmaker has updated the Model Y’s expected delivery timeline to “Est. Delivery: Apr-Jun 2023,” after raising the base Model Y’s price by $1,500 after lowering it by $13,000 earlier this month.
Moreover, new Model 3 base vehicles can still be constructed and delivered this month, with a delivery timeline of “February – March 2023.”
However, Tesla has continued to lower the cost of the Model 3 since the initial price drop in early January.
Tesla is having difficulty selling Model 3 vehicles today as market is expecting fresh arrival of new Model 3.
One factor aiding Tesla in selling Model 3 and Model Y vehicles this quarter is that we are still determining if upcoming new arrivals will still be eligible for the entire tax credit for cars.
200,000 EV deliveries in California
By then, the new battery sourcing guidelines will be available, and automakers will know whether or not they qualify.
In addition to the $7,500 federal tax credit, Tesla buyers in California can take advantage of an additional $2,000 incentive.
With California being the largest EV market in the United States and Tesla conquering the US EV market, this will be a massive help for the automaker to continue growing in the state.
In 2022, Tesla expected to deliver nearly 200,000 electric vehicles in California.
It was a record achievement for the automaker, but there is still room for improvement, with electric cars accounting for only 16% of new passenger vehicle sales in California.
