Tesla delivered record numbers of cars in 2022, but will not meet growth targets

Tesla delivered approximately 1.31 million vehicles last year, an increase of 40 percent compared to 2021. This means that the company will miss its target of 50 percent growth in 2022. Tesla also produced 1.37 million cars in 2022.

Tesla delivered 1,313,851 cars last year, the company announced on Monday. The majority of these are Model 3 and Y vehicles, of which the company delivered almost 1.25 million units. 66,705 models of the Model S and To reach that goal, Tesla would have had to deliver 1.4 million cars to customers last year.

Last quarter, Tesla said it delivered 405,278 vehicles, including 17,147 Model S and X models and 388,131 Model 3 and Y models. Despite missing its growth targets, this is a new record for the automaker.

Production was also delayed in 2022, partly due to lockdowns at the Tesla factory in Shanghai and problems in the supply chain. Analysts also speak of a declining demand for cars in China. The company would produce fewer cars at its Chinese factory in January, writes Reuters news agency based on internal documents. Production at the company did increase in 2022 to 1,369,611 vehicles. The company therefore produced 47 percent more cars than in 2021. Last quarter the company produced 439,701 cars.

Tesla writes that it is currently switching to a more even distribution of production in different regions. According to the manufacturer, the number of cars produced that have not yet been delivered increased in the fourth quarter of 2022. The company previously indicated that it was suffering from logistical problems. In October, the automaker stated that it is ‘increasingly difficult’ to secure transport capacity at a reasonable price, especially around the ‘peak weeks’ at the end of a quarter.

Tesla will publish its final financial figures for the last quarter of 2022 at the end of this month, in addition to an annual report for 2022. On March 1, the company will hold its annual Investor’s Day presentation to shareholders, according to the company also reported on Tuesday.