Tesla Posts Impressive First-Quarter Delivery Numbers Despite Challenging Economic Climate

April 4, 2023

By Kevin Armstrong

Tesla beats their 2022 record for Q1 deliveries

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Tesla has started the year strong, posting record quarterly vehicle deliveries in the first quarter of 2023, with 422,875 vehicles delivered. This represents a 36% increase compared to the same period a year ago and a 4% growth from the previous quarter. The company also produced over 440,000 vehicles during this period, showcasing its ongoing expansion and manufacturing prowess.

Tesla also provided a breakdown of its production and delivery numbers by model, reporting 19,437 Model S/X vehicles produced and 10,695 delivered, and 421,371 Model 3/Y vehicles produced and 412,180 delivered.

Tesla's Financial Results for Q1 2023

Tesla will post its financial results for the first quarter of 2023 on April 19, 2023, after the market close. In addition, the company will issue a brief advisory containing a link to the Q1 2023 update, which will be available on Tesla's Investor Relations website.

Tesla management will hold a live question-and-answer webcast on that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the company's financial and business results and outlook. The webcast will be available on the company's website, and an archived version will be available approximately two hours after the Q&A session. Of course, as always, we will be listening in and reporting on what we hear.

Price Reduction Strategy Drives Sales

Tesla's decision to cut prices by as much as 20% in January 2023 appears to have paid off, stimulating sales and enabling the company to maintain its position as a market leader. The price reduction brought the cost of the Model Y down from $65,990 to $54,990, making it more accessible to a broader range of consumers.

Despite concerns about eroding margins and a weakening economy, Tesla's performance in the first quarter of 2023 shows that its strategy of cutting prices to boost sales has been effective.

The company's ability to ramp up production at its new factories in Texas and Berlin, as well as recover from the impact of COVID-19 lockdowns on its Chinese production, demonstrates the resilience and adaptability of the automaker. For example, Tesla's Texas factory produced 4,000 Model Y vehicles in one week, while its German plant reached a production capacity of 4,000 cars per week in late February.

Analysts Suggest Further Price Cuts May Be Necessary to Sustain Growth

Reuters quoted Barclays analyst Dan Levy who suggests that Tesla may face pressure to lower prices further as other automakers match the company's cuts and economic concerns persist. However, Tesla has not indicated whether additional price cuts are being considered.

Another factor affecting demand is the potential reduction in U.S. electric vehicle subsidies for some models starting on April 18. Tesla's price cuts in China have also ignited a price war, with Chinese rivals such as BYD and Xpeng lowering their prices to protect market share amid weaker demand.

Despite these challenges, Tesla's first-quarter delivery and production numbers for 2023 are a testament to the company's continued growth and commitment to providing affordable, sustainable transport options for consumers. As Tesla moves forward with its ambitious plans for 2023, including the goal of delivering 2 million vehicles, the company's performance in Q1 serves as a strong foundation for the rest of the year.

Is Tesla Planning to Add Steam Support to All Vehicles?

December 11, 2024

By Karan Singh

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Yesterday, we reported that Tesla updated their Steam integration on Model S and Model X vehicles. The update was part of their 2024 Holiday Update, but it looks like there may be more to this than a simple update.

Steam, a video game library app, makes it easy for users to buy or launch games on their computers. However, a couple of years ago, Valve, who created Steam, launched their own standalone device, the Steam Deck. The Steam Deck runs a custom OS based on Linux.

Steam Launch

When Tesla launched the redesigned Model S and Model X, Tesla introduced a dedicated gaming GPU with 16GB of RAM and touted the ability to play top-tier PC games in Tesla vehicles.

In 2022, Tesla finally launched the Steam app for the Model S and Model X as part of its 2022 Holiday Update. The Steam app runs Steam OS, the same OS as the Steam Deck in a virtual environment.

However, earlier this year, Tesla stopped including the GPU and Steam (Beta) in their vehicles, and we haven’t seen any updates to the Steam in quite some time. In fact, we thought Tesla was axing their gaming-on-the-go dreams.

SteamOS Update

The Steam app, which is still in Beta, is getting an interesting update for the Model S and Model X vehicles with the discrete GPU.

Those vehicles received an update to SteamOS 3.6 - the same version of SteamOS that runs on the Steam Deck. While nothing has visually changed, there’s a long list of performance optimizations under the hood to get things running smoother.

Comparing Steam Deck to Tesla Vehicles

Let’s take a look at the Steam Deck - according to Valve, its onboard Zen4 CPU and GPU combined push a total of 2 TFlops of data, which is fairly respectable, but much lower than today’s home consoles. The Steam Deck is capable of 720p gaming fairly seamlessly on low-to-medium settings on the go and is also built on the AMD platform.

AMD-equipped Teslas, including the Model 3 and Model Y, are packing an older Zen+ (Zen 1.5) APU (processor with a combined CPU and GPU). AMD claims that the V1000 - the same embedded chip as on AMD Tesla vehicles (YE1807C3T4MFB), brings up to 3.6 TFLops of processing power with it, including 4K encoding and decoding with the integrated GPU on board.

While that’s not enough for 4K gaming or comparable to a full-blown console or desktop GPU, that’s enough raw horsepower for light gaming and is currently more powerful than the Steam Deck.

The Model S and Model X’s GPU brings that up to about 10TFlops of power - comparable to modern consoles like the Xbox Series X at 12 TFlops.

Steam Gaming for All Vehicles?

The fact that Tesla is updating SteamOS even though the feature is no longer available in any new vehicles could indicate that Tesla is not only bringing Steam back to Teslas but that it’s going to play a much bigger role.

While SteamOS is run in a virtual environment on top of Tesla’s own OS, we could see Tesla bring SteamOS to all of its current vehicles, including the Model 3, Model Y, and Cybertruck. Steam in these vehicles would likely support any game that’s capable of running on the Steam Deck.

We think this Steam update, which includes performance improvements and a variety of fixes, has quietly passed under most people’s radars. This could be a very exciting update for those who enjoy gaming, especially for those who love to do it in their Tesla.

Tesla Holiday Update Weather Features: All the Small Details

December 11, 2024

By Karan Singh

Robert Rosenfeld / YouTube

As part of Tesla’s 2024 Holiday Update, Tesla included two awesome new features - Weather at Destination and the long-awaited Weather Radar Overlay. These two features are big upgrades built upon the weather feature that was added in update 2024.26. The original weather feature added an hourly forecast, as well as the chance of precipitation, UV index, Air Quality Index, and other data.

However, this update also added some smaller weather touches, such as the vehicle alerting you if the weather at the destination will be drastically different from the current weather.

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Weather At Destination

When you’re navigating to a destination and viewing the full navigation direction list, the text under the arrival time will show you the expected weather next to your destination. You can also tap this, and the full weather pop-up will show up, showing your destination's full set of weather information.

Note the weather under the arrival time

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You can also tap the weather icon at the top of the interface at any time and tap Destination to switch between the weather at your current location and the weather at your destination.

You’re probably considering that the weather at your destination doesn’t matter when you’re three hours away - but that’s all taken into account by the trip planner. It will add in both charge time and travel time and show you the weather at your destination at your expected arrival time.

And if the weather is drastically different or inclement, such as rain or snow, while you’ve got sunshine and rainbows - the weather will be shown above the destination ETA for a few moments before it tucks itself away.

Tesla also recently introduced a new voice command. Asking, “What’s the weather?” or something similar will now bring up Tesla’s weather popup.

The weather pop-up above the ETA

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One limitation, though—if you’re planning a long road trip that is more than a day of driving, the weather at destination feature won’t be available until you get closer.

Weather Radar Overlay

As part of the improvements to weather, Tesla has also added a radar overlay for precipitation. You can access the new radar overlay by tapping the map and then tapping the weather icon on the right side of the map. It’ll bring up a radar overlay centered on your vehicle. It’ll animate through the radar data over the last 3 hours so that you can see the direction of the storm, but you can also pause it at any point.

You’re able to scroll around in this view and see the weather anywhere, even if you zoom out. It also works while you’re driving, although it can be a little confusing if you’re trying to pay attention to the navigation system. If you like to have Points of Interest enabled on your map, the weather overlay will hide POIs except for Charging POIs.

Requirements / Data

Unfortunately, you’ll need Premium Connectivity for any of the weather features to work, and being on WiFi or using a hotspot will not be enough to get the data to show up. The data, including the weather radar, is provided by The Weather Channel.

As for supported models, weather and weather at destination are available on all vehicles except for the 2012-2020 Model S and Model X. The weather radar has more strict requirements and requires the newer AMD Ryzen-powered infotainment center available on the 2021+ Model S and Model X and more recent Model 3 and Model Y vehicles.