Tesla hits 1.31 Million Deliveries and Grows 40% in 2022

Delivery numbers for the year 2022 Total Deliveries Q4 2022: 405,278 Total Production Q4 2022: 439,701 Total Annual Deliveries in 2022: 1.31 million Total Annual Production 2022: 1.37 million

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The rate of growth will depend on our equipment capacity, factory uptime, operational efficiency, and the capacity and stability of the supply chain.”

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Tesla started production at two more new factories, Austin, Texas, and Brandenburg, Germany. The company also accelerated its production in Fremont, California, and in Shanghai.

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Tesla’s electric vehicles are comparatively a little too expensive than its competitors, many analysts expressed their concerns about the depreciating demand of Tesla in the electric industry as well the fall of shares in the stock market in December.

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Tesla is set to capitalize on Biden’s Inflation Reduction Act this year, which contains incentives for American production and purchases of fully electric cars, alongside rivals including industry stalwarts Ford and GM and upstart Rivian.

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