Tesla delivered simply over 1.3 million automobiles in 2022, lacking its aim of attaining 50 p.c progress year-over-year. The corporate wanted to hit roughly 1.4 million deliveries to fulfill its goal, indicating that transportation and logistics challenges proceed to plague the EV firm.

Tesla stated it delivered 405,278 automobiles in within the fourth quarter of 2022, which incorporates 17,147 Mannequin S and X automobiles and 388,131 Mannequin 3 and Y automobiles. Wall Road analysts had been predicting 415,000 automobiles delivered throughout the quarter. For the yr, the corporate delivered 66,705 Mannequin S and X automobiles, and 1,247,146 Mannequin 3 and Y automobiles.

Analysts had been hoping for a strong 1.8 million automobiles delivered for the yr, however Tesla wanted to ship simply 1.4 million in 2022 with a purpose to meet its aim of fifty p.c progress for the yr. And regardless of simply lacking that aim, it was one other document quarter of deliveries for the EV maker, which has been coping with a variety of challenges this yr, a lot of which don’t have anything to do with Elon Musk shopping for Twitter.

“We continued to transition in direction of a extra even regional combine of auto builds which once more led to an additional improve in automobiles in transit on the finish of the quarter,” the corporate stated in an announcement. “Thanks to all of our prospects, workers, suppliers, shareholders and supporters who helped us obtain a fantastic 2022 in gentle of great COVID and provide chain associated challenges all year long.”

It was a yr of distinctive struggles for Tesla, which included flagging demand, an growing old lineup, and elevated competitors from legacy automakers. Musk’s buy of Twitter led to a subsequent sharp decline in Tesla’s inventory worth, which plunged by as a lot as 65 p.c over the course of the yr. The rout shaved billions from Musk’s personal web price, main him to say the unlucky designation as the primary particular person to lose $200 billion, in response to Bloomberg.

Replace, 1:18PM ET: Added that Tesla has simply introduced its investor day.