Tesla TSLA Q4 2022 Vehicle Delivery and Production Numbers

Tesla has released its fourth quarter 2022 vehicle production and delivery report.

Here are the key numbers.

Total deliveries Q4 2022: 405,278
Total production Q4 2022: 439,701
Total Annual Distributions 2022: 1.31 million
Total annual production 2022: 1.37 million

Deliveries are the closest approximation of Tesla’s published sales. The numbers represented a new record for the Elon Musk-led automaker and 40% growth. in annual distributions.

However, the fourth quarter numbers fell short of analysts’ expectations.

Wall Street expected Tesla to report 427,000 deliveries in the final quarter of the year through Dec. 31, 2022, according to consensus estimates of analysts compiled by FactSet. Estimates were updated in December, adding to the FactSet consensus range of 409,000 to 433,000.

Those latest estimates are consistent with a company-compiled consensus distributed by Tesla vice president of investor relations Martin Weicha. That consensus was published by researchers in the electric vehicle industry @TroyTeslike24 sell-side analysts expect Tesla deliveries to average 417,957 for the quarter (and about 1.33 million deliveries for the full year).

Tesla started production at two new factories this year — Austin, Texas and Brandenburg, Germany — and ramped up production in Fremont, California and Shanghai, but it did not release production and delivery numbers by region.

In the fourth quarter of 2022, Tesla said deliveries of its entry-level Model 3 sedan and Model Y crossover totaled 325,158, and deliveries of its high-end Model S sedan and Model X SUV totaled 18,672.

In its third quarter Stakeholder presentationTesla wrote: “Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. The rate of growth will depend on our equipment capacity, factory uptime, operational efficiency and the efficiency and sustainability of our supply chain.”

The period ending December 31, 2022 was marked by challenges for Tesla, including the Covid outbreaks in China, which caused the company to temporarily suspend and Reduce production At its Shanghai factory.

In the fourth quarter, Tesla also made steep offers Price reduction And that could put pressure on its margins, spurring demand in the U.S., China and elsewhere.

Recently Email Tesla Employees Elon Musk has asked employees to “volunteer” to deliver as many cars as possible to customers by the end of 2022. In his email, Musk encouraged employees to “not worry” about what he characterized as “stock market frenzy.” .”

Shares Tesla It has fallen more than 45% in the last six months.

In December, Many Analysts expressed concern Demand weakens Tesla electric vehicles are relatively expensive compared to the growing number of hybrid and fully electric products from competitors.

With industry players and competitors Ford And GM To begin with RivianTesla is ready Reap the benefits This year’s Biden’s Inflation Reduction Act, which includes incentives for domestic production and the purchase of fully electric cars.

Retailers and analysts are calling some of the drop in Tesla’s stock price in 2022 a “Twitter overhang.”

Musk used his Tesla stock last year to fund a multibillion-dollar acquisition of social media business Twitter. That deal expired at the end of October. Musk has stirred controversy by appointing himself CEO of Twitter and making sweeping changes to the company and its social media platforms.

Tesla’s shares started rising again in the closing days of December 2022, anticipating fourth-quarter and full-year deliveries.

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