Tesla delivered 405,278 electrical automobiles over the ultimate three months of 2022, the automaker announced on Monday. That quantity represents a brand new file for the corporate, but it surely additionally fell in need of Wall Street estimates. As lately as December thirtieth, the consensus among most analysts was that Tesla would ship about 418,000 automobiles in This autumn. A 12 months earlier, the corporate delivered 308,600 automobiles throughout the identical interval.
According to Tesla, the Model 3 and Model Y made up a lot of the firm’s deliveries within the fourth quarter of 2022, with 388,131 of these automobiles making their approach to shoppers earlier than the top of the 12 months. Comparatively, Tesla’s costlier Model S and Model X automobiles accounted for a modest 17,147 deliveries over the identical time-frame. Tesla produced 439,701 automobiles within the fourth quarter, setting one other file.
It’s honest to say the top of 2022 might have gone higher for Tesla. Even earlier than contemplating how a lot Elon Musk’s takeover of Twitter has harm the corporate, Tesla was confronted with macroeconomic and logistical challenges threatening to sluggish development. As they did earlier within the 12 months, COVID-19 restrictions in China compelled Tesla to droop and cut back manufacturing at its Shanghai Gigafactory. Tesla additionally closed the facility over the last week of December, including to issues the corporate has been coping with weakening demand on the earth’s greatest automotive market. In This autumn, Tesla additionally had hassle securing transportation for accomplished automobiles.
Separately, Elon Musk’s dealing with of Twitter and repeat Tesla stock selloffs noticed the worth of the corporate’s shares drop dramatically. In December, Tesla’s inventory fell 33 p.c (and 45 p.c over the past six months) earlier than rallying in anticipation of the corporate’s fourth-quarter numbers. Tesla will publish its full This autumn outcomes on January twenty fifth and maintain its subsequent annual Investor Day presentation on March 1st.
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