Tesla reported delivering 484,507 vehicles in the fourth quarter of 2023, bringing its total deliveries for 2023 to over 1.8 million. This represents a 38% increase in deliveries from 2022. Fourth-quarter deliveries were slightly higher than analyst expectations of around 477,000. Tesla began deliveries of the Cybertruck pickup and launched an updated Model 3 sedan in some markets late in 2023. Its Model Y SUV continues to be its best-selling vehicle. The company also cut prices in several regions during 2023 to address economic uncertainty.