Tesla delivers record number of cars, sales jump 83% from a year ago post price cuts

As Tesla cuts prices several times for various models, electric carmaker's second-quarter deliveries rose 83 per cent from a year ago.

According to the report, Tesla delivered 466,140 vehicles in the second quarter, a 10 percent rise from the previous quarter.

Meanwhile, the company said it had increased vehicle production to nearly 480,000 in the same period.

Earlier this year, Tesla boss Elon Musk said he believed pursuing higher sales, with lower profits, was the "right choice" for the company.

The firm been cutting prices in the United States, Europe and Asia as it faces competition from local electric car makers.

Tesla cut US prices at least four times during the quarter for vehicles ordered by customers. Larger price drops emerged on store inventory toward the end of the quarter in mid-June. The company trimmed prices on some Model 3 cars by more than USD 3,000. Model X SUV price cuts reached over USD 10,000, and the company threw in three years of free charging for the S and X. The Model S sedan saw cuts of about USD 7,500.

Prices even were reduced on inventory of the Model Y small-SUV, Tesla's top seller, by as much as USD 1,570 in a late June push to move vehicles.

China is Tesla's second largest market after North America.

The firm been cutting prices in the world's second largest economy, where it faces competition from local electric car makers.

Over the weekend, Beijing based Li-Auto said its deliveries had hit an all-time high of 32,575 in June, marking its third consecutive monthly sales record.