Production and delivery of Tesla TSLA Q4 2022

Tesla only announced vehicle output in the fourth quarter and delivery report for 2022.

These are important numbers.

Total number of deliveries in Q4 2022: 405,278
Total output in Q4 2022: 439,701
Total deliveries in 2022: 1.31 million VND
Total annual output 2022: 1.37 million

Deliveries are the closest approximation to sales disclosed by Tesla. These numbers represent a new record for the carmaker led by Elon Musk and 40% growth. in the annual delivery.

However, the fourth-quarter numbers fell short of analyst expectations.

According to a consensus of analysts’ estimates compiled by FactSet, as of December 31, 2022, Wall Street expects Tesla to report deliveries of about 427,000 units for the final quarter of the year. Estimates, updated in December and included in FactSet consensus, range from 409,000 to 433,000.

More recent estimates are in line with a consensus compiled by the company distributed by Tesla’s Vice President of Investor Relations, Martin Viecha. That consensus, published by electric vehicle industry researcher @TroyTeslike, say 24 sell-side analysts Tesla expects about 417,957 deliveries on average for the quarter (and about 1.33 million deliveries for the full year).

Tesla has started production at two new plants this year – in Austin, Texas and Brandenburg, Germany – and ramped up production in Fremont, California and Shanghai, but it did not disclose production and delivery numbers. by area.

For the fourth quarter of 2022, Tesla said deliveries of the entry-level Model 3 sedan and Model Y crossover amounted to 325,158 units, while deliveries of the more premium Model S sedan and Model X SUV up to 18,672 pieces.

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

The period ending December 31, 2022 was marked by challenges for Tesla, including the outbreak of Covid in China that caused the company to suspend operations and reduce production at its Shanghai factory.

In the fourth quarter, Tesla also offered ramps discount and other promotions in the US, China and elsewhere to boost demand, although doing so could put pressure on its bottom line.

In a recent time send an email to Tesla employees, Elon Musk asked employees to “voluntarily” deliver as many cars as possible to customers before the end of 2022. In his e-mail, Musk also encouraged employees not to “disturb” by what he said. “stock market madness”. .”

Shares of Tesla has fallen by more than 45% in the past six months.

In December, some Analysts expressed concern about weakened need for Tesla electric vehicles, relatively expensive compared to the growing number of hybrid and all-electric products from competitors.

Together with competitors from industry veterans Ford and GM to begin RivianTesla is ready reap the benefits of Biden’s Inflation Reduction Act this year includes incentives for domestic manufacturing and the purchase of all-electric cars.

Retail shareholders and analysts also attribute some of the causes of Tesla’s stock price drop in 2022 to the so-called “Twitter overhang”.

Musk sold his billions of dollars worth of Tesla shares last year to finance a leveraged acquisition of the social media business Twitter. That deal ended in late October. Musk appointed himself CEO of Twitter and sparked controversy by making sweeping changes to the company and its social media platform.

Tesla shares started to rally again in the closing days of December 2022, in anticipation of record deliveries for the fourth quarter and full year.


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