Tesla said on Monday that it sold a record 1.3 million vehicles in 2022,

but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50 per cent nearly every year.

The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021

but it was shy of the 1.4 million needed to reach the company’s 50 per cent growth target. 

Sales grew 40 per cent year over year, while production climbed 47 per cent to 1.37 million.

The shortfall came despite a major year-end sales push that included rare US $7,500 discounts in

the US on the Models Y and 3, the company’s top-selling models.

Tesla Inc, which is based in Austin, Texas, also had to deal with rising cases of

the novel coronavirus in China, which cut into production at its Shanghai factory.

the extra U.S. push, Tesla delivered more than 405,000 vehicles worldwide in the fourth quarter

But that missed Wall Street projections. Analysts polled by data provider FactSet expected 427,000

deliveries from October through December and 1.33 million for the full year.