Electric-car maker (NASDAQ: TSLA) announced on Jan. 2 that it hit its target to produce 1.8 million vehicles in 2023. In total, it built about 1.846 million cars. Deliveries also surpassed 1.8 million, coming in at approximately 1.809 million units. In its deliveries and production update, Tesla said it delivered a total of 484,507 vehicles during the final quarter of the year, helping it achieve this annual target.

If you're trying to get a detailed understanding of Tesla's business momentum, I'm going to dive into how this performance appears in the context of both analyst expectations and the year-ago quarter. More importantly, I'll explore how many vehicles Tesla could deliver next year.

Tesla's quarterly deliveries beat analysts' consensus forecast by about 7,500 units. Of the 484,507 vehicles the company delivered during Q4, 461,538 units were Tesla's lower-cost Model 3 and Model Y vehicles. Combined Model 3 and Y deliveries were up 19% year over year, and total deliveries increased 20%.

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Source Fool.com