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Tesla Q4 delivers 405,278 vehicles, misses expectations by 15,000

AuthorDaniel Shvartsman
Published 01/02/2023, 12:22 PM
Updated 01/02/2023, 12:40 PM
© Reuters.

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.

 

Latest comments

Another miss in both production and deliveries, for the quarter and full year. The promise was to grow 50% every year... Inventories are rising also. And now we'll have a harder time
Tesla promised to grow by 50% in average YoY in 2020.That would put estimates at 112500 production end of 2022. They produced over 1.3M. How is that a miss?Tesla will see all inventory as soon as it’s delivered to its destination. Volumes are ao big that transportation is harder now.Didn’t you do your research?
Only 1/3 of VW deliveries for Q4.
Really? WV delivered 1.2M electric vehicles?How interesting…
The most impressive part of the TESLA sales model is that they cut out the criminals at the car dealerships. This is why TSLA is stock likely to continue to climb in a big way. People don't like car salesmen nor do they like being abused by car dealerships. If the legacy car manufacturers want people to buy from them again, they need to cut out the dealerships and sell direct.
Tesla is WAY too overvalued. It was part of the bubble. More air to be released. Seeing what happens with earnings in late Jan.
Lay off the meth
Dumbest post ever
Right. Because 40-50% year over year growth is something any company in the market is and has done for well over a decade. Idiots like you who don't have a clue WTF they are even talking about
Most sold el car in Europe is Renault Zoe the Americans must think twice i love the Americans everything’s don’t have to soo big and the infrastructure in usa is old they are not ready for electricity is far from ready
Not bad
Scam. Buy mor bitcoins and Tweeter..
Toyota will have sold 3 times that in the US alone for 2022. This electric car thing is a sham! Drill, baby, drill!
Pretty good growth, esp. taking into account dismal economics around the world.
Thoughtful analysis, Peter.
 TSLA is a value stock now, so your own projections of 50% growth are hardly applicable. $100-115 is quite reasonable for buying. Also, you can check Ford’s balance sheet, just for fun.
Great growth
still very impressive!
Wouldnt go near Tesla until way cheaper. Not unless it has some groundbreaking AI or Robotics announcement like Musk has been promising for 3 years which is the only reason market cap was so high. https://eu.detroitnews.com/story/business/autos/2022/06/30/car-wars-predicts-gm-ford-surpass-tesla-ev-sales-2025/7779913001/
  If you look at the growth of Tesla in last 2 years, then it is still was higher than 50% till now, with a 25% to 30% gross profit. Tesla probably will have more headwinds due to the recession in the next 2 years. And may go down with a growth of 40% and profit of 20%. By lowering their prices, demands should go up. The efficiency of Tesla manufacturing stands out in the next years to come. Other OEM's will have hard time to make any money, due to less vertical integration (don't be able to make their own batteries for the next few years, less efficient optimised manufacturing processes, transition cost of ICE engines turnaround to EV component supply,, etc).
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