Tesla fails to reach its 2022 growth target of 50%

Tesla fails to reach its 2022 growth target of 50%

Tesla fell short of its target of attaining 50% growth year-to-year in 2022 with just over 1.3 million cars shipped. To fulfil its aim, the business needed to make about 1.4 million deliveries, demonstrating that transportation and logistical issues continue to plague the EV industry.

In the fourth quarter of 2022, Tesla reported delivering 405,278 cars, including 17,147 Model S and X vehicles and 388,131 Model 3 and Y vehicles. Analysts on Wall Street had predicted 415,000 autos shipped throughout the quarter. The business delivered 66,705 Model S and X cars throughout the year, as well as 1,247,146 Model 3 and Y automobiles.