The Clap
Tesla (NASDAQ:TSLA) reported annual deliveries of 1.31mn cars in 2022, a YoY increase compared to 936K deliveries in 2021.
What
Deliveries, which are considered Tesla’s closest disclosed measure to sales, grew by 40% YoY in 2022.
Despite the significant increase in deliveries annually, Q4 deliveries came in below expectations at 405K, compared to an expected 427K.
So What
Although Tesla does not disclose production and delivery figures by region, part of the strong performance could be attributed to the kicking off of 2 new factories in Texas and Germany, in addition to increased production in California.
Now What
Tesla was a victim of a tough 2022, with its shares plunging over 45% during H2 2022 alone.
