In the fourth quarter of 2022, Tesla delivered a record-breaking 405,000 electric vehicles (EVs). This brings the total number of EVs delivered by the company in 2022 to over 1.3 million.
The significant increase in deliveries was largely due to ramped up production at Gigafactory Texas, Berlin, Fremont Factory, and Gigafactory Shanghai. There had been some concerns about Tesla’s ability to meet demand in the quarter, as the company began offering discounts in December and faced potential demand issues.
Analyst expectations for Q4 2022 deliveries ranged from 400,000 to 430,000 vehicles. In addition to the over 405,000 vehicles delivered, Tesla also produced over 439,000 vehicles during the quarter.
In Q4, we produced >439k vehicles & delivered >405k vehicles → https://t.co/L5q9ELR9Pc
During the fourth quarter of 2022, Tesla delivered 388,131 of its Model 3 sedans and Model Y crossovers, as well as 17,147 of its higher-end Model S sedans and Model X SUVs. The company did not provide a breakdown of production and delivery numbers by region.
Tesla opened two new factories in Austin, Texas and Brandenburg, Germany this year, and also ramped up production at its facilities in Fremont, California and Shanghai.
The quarter was marked by challenges for the company, including Covid outbreaks in China that led to temporary production suspensions and reductions at the Shanghai factory. To boost demand, Tesla also offered price cuts and other promotions in the US, China, and other markets during the quarter, even though doing so could affect its margins.