Tesla have revealed that they delivered 1.3 million vehicles in 2022, with 405,000 of those being delivered in the last quarter.
Although the electric car maker did not reach their target by approximately 430,000, they still delivered 40% more than 2021.
This comes after an up and down year for the company and CEO, Elon Musk, one of which being “significant Covid and supply chain related challenges throughout the year” which the company informed investors of in a statement.
The company also suffered from multiple supply chain issues and backlash in some countries. On Tuesday, South Korean authorities claimed they were looking to file a lawsuit against Tesla for $2.2 million for misleading customers over there being a shorter range when the temperatures are lower. According to the Korea Fair Trade Commission, Tesla had inflated the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers”.
The company also struggled when CEO Elon Musk took over the social media platform, Twitter for $44 billion. Musk has had a controversial start to being ‘Chief Twit’. During his first week with the firm he cut the workforce in half, which led to a lawsuit being filed against the company for not giving staff enough notice, he dissolved the board of members to become the sole owner, and he caused chaos with users by bringing in the blue tick subscription service. This means that users can now pay $8 per month to have a blue tick against their name, however, this was met with criticism after questions were raised over what would be in place to stop people impersonating others.
Since Musk took over Twitter, the Tesla share prices have plummeted to a 17-month low, Musk has also not helped with this by selling even more of his shares to fund his Twitter venture.