Tesla Records a 40% Vehicle Delivery Increment from 2021 Hitting 1.3M Last Year

Electric car maker Tesla says it delivered a record 1.3m vehicles last year, 40% more than in 2021.

In the last quarter, the electric car maker delivered more than 405,000 vehicles.

This year the motor industry is expected to face slowing demand as potential customers worry about rising interest rates and recession concerns.

According to a statement to investors, Tesla said it had to deal with “significant Covid and supply chain related challenges throughout the year”.

The Korea Fair Trade Commission said the company had exaggerated 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”.

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In October chief executive Elon Musk said he was working to resolve the issue.

The company is scheduled to announce financial results for the fourth quarter of 2022 and the year on 25 January.

Tesla said in a separate statement that it plans to host its Investor Day on 1 March and livestream the event from its Gigafactory in Texas.

“Our investors will be able to see our most advanced production line as well as discuss long term expansion plans, generation 3 platform, capital allocation and other subjects with our leadership team,” the company said.