Tesla Posts Record Q2 Sales.<br />Tesla has surpassed Wall Street estimates amid price cuts and newly-implemented <br />EV tax credits, TechCrunch reports.<br />In Q2 2023, Tesla produced a record amount of 479,000 vehicles with a record delivery of 466,140.<br />That's 10% more than Tesla delivered in Q1 and <br />83% more year-over-year, TechCrunch reports.<br />460,211 Model 3 and Y vehicles were delivered, <br />while only 19,489 of the more expensive <br />Model S and X vehicles were delivered.<br />According to the China Passenger Car Association, <br />nearly half of those deliveries were likely provided <br />by the company's Shanghai gigafactory. .<br />In addition to Tesla's other vehicles, the Model 3 is now eligible for the entire $7,500 federal tax credit.<br />The company's strategy to cut prices is seemingly helping to boost sales as well.<br />However, in Q1, the price cuts resulted in a 24% net income decrease year-over-year.<br />Tesla will reveal Q2 earnings on July 19
