Tesla delivered 405,278 electric vehicles in the last three months of 2022., the automaker announced on Monday (2). This number represents a new record for the company, but it is also well below Wall Street’s estimates. December 30, 2022 most analysts agreed that Tesla will deliver about 418,000 vehicles in the fourth quarter.. A year earlier, in 2021, the company delivered 308,600 vehicles over the same period.

Elon Musk made visitors wait for more than an hour

The Model 3 and Model Y accounted for the majority of the company’s deliveries in the fourth quarter of 2022, with 388,131 of those vehicles reaching consumers by the end of the year, according to the company. The most expensive cars Tesla Model S and Model X were responsible for only 17,147 deliveries in the same period.

The end of 2022 could be better for Tesla

Even “good” Tesla sales could lead to a much better end to 2022. Even before considering the troubles Elon Musk went through with the acquisition of Twitter, which ultimately hurt the company, Tesla was facing macroeconomic and logistical problems that threatened to slow growth.

COVID-19 restrictions in China have forced Tesla to suspend and cut production at its Shanghai plant. The automaker also closed the facility in the last week of December. raises concerns that the company is dealing with weakening demand in the automotive market. Tesla also had trouble securing deliveries of complete vehicles in the fourth quarter.

We must not forget that the way Elon Musk handled Twitter and the repeated sales of Tesla shares caused the company’s share price to plummet. Tesla shares fell 33% in December 2022.. The automaker will release full fourth-quarter results on January 25, 2023.

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Source: engadget

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