Tesla TSLA Q4 2022 vehicle delivery and production numbers

Tesla has released its vehicle production and delivery report for the fourth quarter of 2022.

Key numbers are:

Total deliveries in Q4 2022: 405,278
Total production in Q4 2022: 439,701 units
Total annual shipments in 2022: 1.31 million units
Total annual production volume in 2022: 1.37 million units

Deliveries are the closest approximation to Tesla’s disclosed revenue. These numbers represent a new record for the automaker led by Elon Musk and his 40% growth. Ships year-on-year.

As of Dec. 31, 2022, Wall Street expected Tesla to report about 427,000 deliveries in the final quarter of the year, according to a consensus of analyst estimates compiled by FactSet. The estimates updated in December and included in the FactSet consensus ranged from 409,000 to 433,000.

These more recent estimates are in line with the company-composed consensus distributed by Martin Viecha, Tesla’s vice president of investor relations.That consensus announced by researchers in the electric vehicle industry @TroyTeslikeAccording to the company, 24 sell-side analysts had expected Tesla’s average fourth-quarter deliveries to be about 417,957, compared to about 1.33 million for the full year.

Tesla began production this year at two new factories in Austin, Texas and Brandenburg, Germany, and expanded production in Fremont, Calif., and Shanghai, but has so far disclosed production and delivery numbers by region. was not

The period leading up to December 31, 2022 has been a difficult time for Tesla, including the Covid outbreak in China. This prompted the company to temporarily suspend and reduce production at its Shanghai factory.

During the fourth quarter, Tesla implemented significant price cuts and other promotions in the United States, China and other regions to stimulate demand.

In a recent email to Tesla employees, Elon Musk asked them to “volunteer” to get as many cars as possible to customers by the end of 2022. What he called “stock market madness.”

shares of Tesla It has plunged more than 45% in the last six months.

In December, several analysts expressed concern about weakening demand for Tesla’s electric vehicles. Tesla’s electric vehicles are relatively expensive compared to its competitors’ growing hybrid and fully electric vehicles.

From Industry Veterans to Competitors ford When GM rise in the world Rivian, Tesla is poised to reap the benefits of Biden’s inflation-cutting bill this year. This includes incentives for domestic production and the purchase of fully electric vehicles.

Retail shareholders and analysts believe that the so-called “Twitter overhang” is partly to blame for Tesla’s stock price decline in 2022.

Musk last year sold billions of dollars worth of Tesla stock and leveraged a buyout of social media business Twitter. The deal he completed in late October. Musk has sparked controversy by appointing himself CEO of his Twitter and making drastic changes to the company and its social his media platform.

Tesla’s stock will start rising again at the end of December 2022. It expects record fourth quarter and full year deliveries.