Tesla published their 2022 results showing record production and deliveries... sales growth that any other automaker would dream of having. In 2022, vehicle deliveries grew 40% YoY to 1.31 million while production grew 47% YoY to 1.37 million. Here's how it was broken down:
These results should come as no surprise to anyone who has been following the activities of the company. In 2022, Tesla opened two new factories, one in Berlin and the other in Texas, and has started to show significant production numbers from both locations.
The growth was so strong last year that the number of deliveries nearly surpassed the total number of deliveries the company had from 2012-2020. And, we can expect to see further growth from the company this year as well.
During the recent Q4 earnings call Tesla CEO Elon Musk shared that he expects Tesla to be able to produce 1.8 million vehicles or more.
“We’re saying 1.8 because there always seems to be some friggin’ force majeure thing that happens somewhere on Earth." Musk said, "We don’t control if there’s earthquakes, tsunamis, wars, pandemics, etc. If it’s a smooth year, without some big supply chain interruption or massive problem we have the potential to do 2 million cars this year. I think there would be demand for that, too.”
While Cybertruck production won't likely contribute significantly to the overall number, it is expected that production will start this year at the factory in Austin, Texas. The larger expectation will be that Tesla continues to ramp production of the Model Y, already selling so many that it has become the 4th best selling vehicle in 2022, trailing only behind the Toyota Corolla, Toyota RAV4, and the Ford F-Series.