Tesla announced that it delivered a record 1.3 million vehicles in 2022, an increase of 40% from the previous year. However, the company failed to meet Wall Street sales projections for the final quarter of the year. In a statement, Tesla attributed the shortfall to “significant Covid and supply chain related challenges” throughout the year. The company’s shares saw a 12% drop in response to the news. Additionally, South Korean authorities announced that they would be fining Tesla $2.2 million for not disclosing to customers that the driving range of its electric vehicles would be reduced in low temperatures. Tesla has not yet commented on the fine. The company is set to release its financial results for Q4 2022 and the full year on January 25th, and will host an Investor Day on March 1st.
Tesla had a successful year in terms of vehicle deliveries, reaching a record of 1.3 million in 2022. However, the company faced challenges such as supply chain issues and the impact of the COVID-19 pandemic. Despite falling short of sales expectations for the final quarter of the year, Tesla remains optimistic about the future and has plans to host an Investor Day in March to discuss long term expansion and other subjects with investors. The company will also be releasing its financial results for the fourth quarter of 2022 and the full year on January 25th.