Tesla falls short of its goal of growing 50 percent in 2022
Posted On January 2, 2023
Tesla delivered just over 1.3 million vehicles in 2022, missing its goal of achieving 50 percent growth year-over-year. The company needed to hit approximately 1.4 million deliveries to meet its target, indicating that transportation and logistics challenges continue to plague the EV company
Tesla said it delivered 405,278 vehicles in in the fourth quarter of 2022, which includes 17,147 Model S and X vehicles and 388,131 Model 3 and Y vehicles. Wall Street analysts had been predicting 415,000 vehicles delivered during the quarter. For the year, the company delivered 66,705 Model S and X vehicles, and 1,247,146 Model 3 and Y vehicles.
Analysts were hoping for a robust 1.8 million vehicles delivered for the year, but Tesla needed to…