Tesla sold over 405,000 cars in the fourth quarter of 2022, setting a new record.

The automaker delivered 405,278 electric cars in the last three months of 2022. announced on Monday. This number is a new record for the company but also falls short of Wall Street estimates. The consensus reached this conclusion as recently as December 30, 2010. among most analysts It was expected that Tesla would deliver approximately 418,000 vehicles during Q4. In the same time period last year, Tesla had shipped 308,600 cars.

Tesla says that Model 3 and Model Y accounted the largest portion of company deliveries for the fourth quarter of 2022. 388.131 of those vehicles made it to consumers before year’s end. The Model S and Model X, which are more expensive, accounted for only 17,147 deliveries. Tesla produced 439 701 vehicles in the fourth-quarter, a record.

Tesla’s 2022 end could have been better, it’s safe to say. Even before you consider how much Elon Musk made. takeover of Twitter Tesla was confronted with logistical and macroeconomic problems that could slow down its growth. This has hurt the company. They did. earlier in the yearCOVID-19 China’s restrictions on Tesla forced Tesla to stop and reduce its production at Shanghai Gigafactory. Tesla also closed the facility The company also faced concerns during the last week in December. weakening demand In the largest automotive market in the world. Tesla had difficulty securing transportation for its completed vehicles in Q4.

Separately, Elon Musk’s handling of Twitter And repeat Tesla stock selloffs The shares’ value dropped drastically. The stock dropped 33 percent in December (and 45 percent over six months), before rising in anticipation of Tesla’s fourth quarter numbers. Tesla will publish its full fourth quarter results on January 25, while its next Investor Day presentation will be held on March 1, 2013.