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by Daniel Shvartsman
Tesla (NASDAQ:TSLA) announced Q4 2022 deliveries of 405,278 vehicles, 40% growth from 2021. That number was short of analyst estimates, which per Bloomberg were 420,760.
Tesla also announced the production of 439,701 vehicles, 47% year over year growth. Model 3s comprised the majority of vehicles produced and delivered, over 95% in both cases.
The press release stated, “We continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the quarter.”
Tesla’s continued growth comes after a rough year from the market perspective. Tesla was one of the 10 biggest decliners on the Nasdaq 100 and the S&P 500 last year, and has been under analyst scrutiny over what it and CEO Elon Musk can do to turn around the ship. The last weeks of 2022 saw especially volatile trading.
At the same time, Tesla’s stock, which finished the trading year at $123.18/share, is trading nearly 200% above pre-pandemic levels. The deliveries are a key data point for whether Tesla can maintain the necessary growth to support that sort of rise in valuation.
For the year, Tesla produced 1,369,611 cars and delivered 1,313,851 cars. This also represented growth of 47% and 40% respectively, year over year.
Tesla also announced its Q4 earnings release will be on January 25th, and its investor day will be March 1st.
Source: Investing.com
