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Tesla’s fourth-quarter car deliveries hit record, but fall short of expectations

Tesla delivered a record 405,278 vehicles worldwide in the fourth quarter, despite climbing interest rates and inflation and declining production in China. The results, released Monday, fell short of expectations. To clear inventory, Tesla offered a $7,500 discount to U.S. consumers, who took deliveries in the final days of December.

The company is expected to deliver 420,760 vehicles, according to the average of analysts’ expectations surveyed by Bloomberg.

Tesla delivered more than 1.31 million vehicles for the year, missing the company’s goal of 50 percent growth over the previous year.

Tesla said in a statement that car deliveries in 2022 rose 40 percent from the previous year, with production climbing 47 percent to 1.37 million vehicles. The company produced 439,701 vehicles.

More than 34,000 vehicles were still in transit at the end of the quarter. “We continue to transition to a more balanced regionalized production model, which again led to further increases in vehicles in transit at quarter-end,” Tesla said.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.
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