Tesla only It posted its vehicle production in the fourth quarter and delivery report for 2022.
Here are the key numbers.
Total deliveries Q4 2022: 405,278
Total production Q4 2022: 439,701
Total annual births 2022: 1.31 million
Total annual production 2022: 1.37 million
Deliveries are the closest approximation to sales revealed by Tesla. These numbers represent a new record for the Elon Musk-led automaker and growth of 40%. in deliveries on an annual basis.
However, fourth-quarter numbers fell just shy of analysts’ expectations.
According to a consensus of analyst estimates compiled by FactSet, as of December 31, 2022, Wall Street had expected Tesla to report about 427,000 deliveries in the fourth quarter of the year. Estimates updated in December, which are included in the FactSet consensus, range from 409,000 to 433,000.
These recent estimates were in line with a consensus compiled by the company and distributed by Martin Ficha, Tesla’s vice president of investor relations. This consensus published by a researcher in the electric vehicle industry TroyTeslike, said 24 analysts from the sell side Tesla projected about 417,957 deliveries on average for the quarter (and about 1.33 million deliveries for the full year).
Tesla has begun production at two new plants this year — in Austin, Texas, and Brandenburg, Germany — and has ramped up production in Fremont, California and Shanghai, but it doesn’t disclose production and delivery numbers by region.
In the fourth quarter of 2022, Tesla said deliveries of its first Model 3 sedan and Model Y crossover amounted to 388,131, while deliveries of its Model S sedan and Model X SUV amounted to 17,147.
in the third quarter Show contributorsTesla wrote: “We expect to achieve 50% average annual growth in vehicle deliveries over a multi-year horizon. The rate of growth will depend on our equipment capacity, plant uptime, operational efficiency, supply chain capacity and stability.”
The period ending December 31, 2022 was marked by challenges for Tesla, including the outbreak of Covid in China, which caused the company to temporarily suspend and reduce production at its factory in Shanghai.
During the fourth quarter, Tesla also exhibited a sharp turnaround price cuts and other promotions in the US, China and elsewhere in order to stimulate demand, though doing so could squeeze their margins.
lately Email to Tesla Elon Musk asked employees to “volunteer” to deliver as many cars as possible to customers before the end of 2022. In his email, Musk encouraged employees not to be “bothered” by what he called “stock market madness.” “
shares Tesla increased by more than 45% over the past six months.
in December, several Analysts expressed concern weaken demand For Tesla electric cars, which are relatively expensive compared to a growing number of hybrid and all-electric products from competitors.
Along with competitors who are industry veterans stronghold And the GM for conceited RivianTesla is ready reap the benefits The Biden Act to reduce inflation this year, which includes incentives for domestic production and the purchase of all-electric vehicles.
Retail shareholders and analysts alike have attributed some of Tesla’s falling stock prices in 2022 to so-called “Twitter backlogs.”
Musk sold billions of dollars worth of his Tesla holdings last year to fund the acquisition of social media company Twitter. That deal closed in late October. Musk appointed himself CEO of Twitter and stoked controversy by making sweeping changes to the company and its social media platform.
Tesla shares began surging again in the last days of December 2022, in anticipation of record fourth-quarter and full-year deliveries.
Correction: This story has been updated to reflect correct vehicle deliveries of the Model 3 and Y, and the Model S and X for the fourth quarter of 2022.
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