Tesla reports record quarter for sales

Tesla at a charging station. — (Image credit: Celal Gunes/Anadolu Agency via Getty Images)

Tesla announced on Sunday that its worldwide deliveries rose 83% from April to June.

This was a record quarter with more than 466,000 vehicles delivered, and the boost was likely due to steep price cuts, The Wall Street Journal reported, with one example being the Model Y SUV, which started at $65,990 in early January and is now at $50,490.

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From January to June, Tesla's shares more than doubled, and ended June at $261.77; this is below the stock's peak of more than $400 a share in November 2021.

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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.