In a January 2nd 2023 press release on Business Wire, Tesla announced its Q4 delivery and production numbers. For last quarter of 2023, it had delivered 405,273 cars and produced 439,701. Annually for 2022, it delivered a total of 1.31 million, a growth of 40% YoY and produced 1.37 million cars or 47% YoY. The numbers should be analyzed in the context of Covid and supply chain challenges which were things that Tesla can’t control completely.
The breakdown by model is:
Model S/X 71,177 produced and 66,705 delivered.
Model 3/Y, 1,298,434 produced and 1,247,146 delivered.
Total 1,369,611 produced and 1,313,851 delivered.
For the Quarter, Tesla made 20,613 Model S/X and delivered 17,147. 9% of this is subject to lease accounting.
Model 3/Y production is 419,088 and delivery is 388,131. 4% is subject to lease accounting.
The market reacted negatively in January 3rd 2023, the first trading day of the year. The stock dropped -15.08 , -12.24% to finish at 108.10. The market had expected higher delivery number. The market may have interpreted the report as if the Model 3 and Model Y may have peaked. No one knows the future and this created uncertainty. Some investors can not tolerate uncertainty and had to sell. Tesla has other projects in the works to continue its growth: the Cybertruck and next generation lower cost model.
Source: Tesla IR: https://ir.tesla.com/press-release/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-fourth-quarter