Tesla's vehicle sales by quarter YTD Q1 2024

How many Tesla vehicles were delivered in 2024? Tesla's vehicle deliveries in the first quarter of 2024 amounted to over 386,800 units. Quarterly deliveries decreased by around 20.2 percent during the first quarter of 2024, compared with the fourth quarter of 2023. Between October and December 2023, deliveries crossed the 484,000 unit threshold, a new record for the brand.

World's most valuable brand

As of June 2023, Tesla was the most valuable brand within the global automotive sector. The brand was over double the brand value of Toyota, which was second in the ranking. July 2023 also recorded Tesla among the ten leading companies in the S&P 500 Index based on market capitalization, with a market cap around 880.8 billion U.S. dollars. As Elon Musk acquired Twitter, Tesla recorded its steepest drop in market capitalization - down 65 percent from its January 3, 2022 valuation as of December 20, 2022.

Tesla enters the mainstream segment

The initial rise in Tesla's market value was largely due to the release of its top-selling Model 3. The Model 3 was Tesla’s successful attempt to tap into the mainstream segment. By 2023, this Model consistently ranked among the world’s best-selling all-electric vehicle models, along with the best-seller Model Y. The Model 3 faces tough competition from other Tesla models, including the Model Y and the refreshed Model S Plaid.