Tesla sets record with 405,278 deliveries in Q4, but misses estimates
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Tesla (NASDAQ:TSLA) produced over 439,000 vehicles and delivered over 405,000 vehicles in Q4, missing Bloomberg estimate of 420,760. The delivery of 405,278 vehicles represents 31% Y/Y growth.
The total vehicle deliveries grew 40% Y/Y to 1.31M, while production grew 47% Y/Y to 1.37M in FY22.

In Q4, the electric car maker produced 419,088 Model 3/Y units and 20,613 Model S/X units. 388,131 Model 3/Y units and 17,147 Model S/X units were delivered.
In FY22, the company produced 1.30M Model 3/Y cars and 71,177 Model S/X cars. 1.25M Model 3/Y cars and 66,705 Model S/X cars were delivered.
In U.S., the car maker is extending $7,500 credit to Model S and X to boost sales, while in China Model 3 sedan and Model Y sport utility vehicle buyers are offered up to 10,000 yuan ($1,450) if they take delivery by Feb. 28.
Shares recorded its worst annual performance in 2022, shedding 65% of its value. Analyst attribute fall in part to Musk selling shares to finance Twitter acquisition and Shanghai plant shutdown amid COVID outbreak.
Tesla will post its Q4 results after market close on Wednesday, January 25, 2023.
In another event, the company plans to host Tesla's 2023 Investor Day on March 1, 2023.
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