Tesla has delivered 405,278 vehicles in the fourth quarter of 2022. Although the automaker achieved a record number of deliveries, it was below Wall Street expectations of around 420,000 to 425,000 units delivered.
The electric vehicle company also reported total production of 439,701 vehicles in the fourth quarter.and. This brings Tesla's total annual deliveries to 1,31 million and total production in 2022 to 1,37 million.
While Tesla had an impressive 40% growth in deliveries, the company also missed its own guidance for the year, which projected 50% growth in production and deliveries for the year. The automaker needed to sell 495.760 vehicles in the fourth quarter to have met that guidance.
Tesla's fourth-quarter deliveries were up from 343.830 vehicles sold in the third quarter. The automaker's last-minute discounts might have given Tesla a boost toward the end of the quarter. Partially in response to the Inflation Reduction Act EV tax credits, which would provide Tesla buyers with rebates of up to $7,500, Tesla cut $3,250 in early December and $7,500 last week from the price of the Model 3 and Model Y delivered to the US in December.
Tesla also provided discounts in Mexico and China last quarter, and it's not yet clear how those price drops would have affected the automaker's margins.
Tesla's production and delivery report does not reveal numbers by region, pBut Tesla has said production at its two new factories, Austin and Berlin, has increased in recent months.. The company has also ramped up production at its Fremont factory and in Shanghai, which has recovered from production delays due to COVID-19 control measures.
Some investors fear that the current lack of COVID-19 control measures in China will also affect Tesla's sales in the event of widespread illness. Many are also concerned about CEO Elon Musk being distracted by Twitter's review of him.
The company's share price, which has fallen 65% since January, was barely affected by the delivery figures, rising 1,12% today.
