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Tesla Growing Deliveries 40% Year Over Year is a Bad Year for Tesla

Tesla reported their Q4, 2022 delivery and production numbers. Tesla grew 40% year over year for deliveries and this is a bad year for Tesla.
Tesla Growing Deliveries 40% Year over Year is a Bad Year for Tesla

Tesla's Production and Delivery Numbers

Tesla has reported on their Q4, 2022 delivery and production numbers. They are as follows:

Production: 439,701 units
Deliveries: 405,278 units

Tesla has another record breaking quarter for the company. This puts their year over year production at 49% and year over year deliveries at 40%. Tesla has guided that in the coming years, they will achieve around a 50% run rate.

I think Tesla needs their Model 2 or compact car to maintain 50% growth throughout the coming years. The Cybertruck will be important too.

To look at the bright side: Tesla still grew a mega billion dollar business by 40% year over year in a recession environment. That's impressive. Look at Tesla's history here:

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Causes for the Bad Year

Many have wondered if the demand for Tesla vehicles in China is going to soften Tesla's production and delivery numbers. I think this did happen.

We think the Chinese economy will start to turn around this year and they will also have government incentives for EVs.

I see Tesla achieving another record breaking year and growing between 35% to 40% in 2023 for deliveries and about 45% for production, even in a recession environment. It's clear that without some kind of compact vehicle or the Cybertruck, that growth is going to slow down a little.

Tesla Energy could be a surprise for 2023 and help offset some of the slow down that is occurring in the auto business.

What do you think of Tesla's delivery and production numbers? Is Tesla going to continue to grow at around 50% each year? What about 30% to 40%?

In Related News: Electric Vehicle Charging Taking Place on Public Roads

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Tesla, Screenshot

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