Posted on

Tesla delivers 405,278 vehicles in Q4, missing Wall Street expectations


Tesla reported Monday 405,278 vehicles delivered in the fourth quarter of 2022. While the automaker hit  a record number of deliveries, it came in shy of Wall Streets expectations of around 420,000 to 425,000 units delivered.
The electric vehicle company also reported total production of 439,701 vehicles in the fourth quarter. This brings Tesla’s total annual deliveries to 1.31 million and total production in 2022 to 1.37 million.
While Tesla had an impressive 40% growth in deliveries, the company also missed its own guidance for the year, which projected a 50% growth in production and deliveries for the year. The automaker needed to sell 495,760 vehicles in Q4 to have achieved that guidance.
Tesla’s Q4 deliveries are up from the 343,830 vehicles sold in the third quarter. The automaker’s last minute discounts might have given Tesla a boost towards the end of the quarter. Partially in response to the Inflation Reduction Act’s EV tax credits, which wou …

Read More