Tesla delivered simply over 1.three million automobiles in 2022, lacking its aim of 50% year-over-year progress. The corporate wanted to achieve about 1.four million deliveries to achieve its aim, indicating that transportation and logistics challenges proceed to plague the electrical automobile firm.
Tesla mentioned it delivered 405,278 automobiles within the fourth quarter of 2022, which incorporates 17,147 Mannequin S and X automobiles and 388,131 Mannequin three and Y automobiles. Wall Road analysts had estimating 415,000 vehicles delivered through the quarter. For the yr, the corporate delivered 66,705 Mannequin S and X automobiles and 1,247,146 Mannequin three and Y automobiles.
Analysts had hoped to ship 1.eight million rugged automobiles for the yr, however Tesla solely wanted to ship 1.four million in 2022 to fulfill its 50% progress goal for the yr. And regardless of lacking that aim, it was one other file quarter of shipments for the electrical automobile maker, which has confronted quite a few challenges this yr, a lot of which don’t have anything to do with Elon Musk shopping for Twitter.
“We continued to transition to a extra even regional combine of car builds, which once more led to additional progress in vehicles in transit on the finish of the quarter,” the corporate mentioned in a press release. “Thanks to all of our clients, staff, suppliers, shareholders and supporters who helped us ship an excellent 2022 in mild of serious COVID and provide chain challenges all year long.”
It has been a yr of distinctive struggles for Tesla, which has included falling demand, an getting older lineup and elevated competitors from legacy automakers. Musk’s buy of Twitter led to a subsequent sharp decline in Tesla’s inventory value, which has fallen as a lot as 65% for the yr. The roasting has scraped billions from Musk’s personal web value, main him to assert the unlucky designation as the primary particular person to lose $200 billion, in accordance with Bloomberg.
Replace, 1:18 PM ET: He added that Tesla simply introduced its investor day.