Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Statista
Tesla just released its fourth-quarter vehicle production and delivery numbers for 2022. In the final quarter of 2022, Tesla produced 439,701 vehicles bringing annual production up to 1.37 million, up 47% from a year ago.
The automaker delivered 405,278 vehicles in Q4, missing the company-compiled consensus estimate of 417,957 deliveries for the quarter and 1.33 million deliveries for the year. Delivery numbers hold a lot of weight for Tesla investors as they are the closest approximation of sales disclosed by the company.
Tesla reported 1.31 million total deliveries in 2022, a growth of 40% over last year. While this growth rate is remarkable, the electric-car maker fell short of its initial goal of increasing annual deliveries by 50%.
In the third quarter of 2022, Tesla wrote: “Over a multi-year horizon we expect to achieve 50% average annual growth in vehicle deliveries. The rate of growth will depend on our equipment capacity, factory uptime, operational efficiency, and the capacity and stability of the supply chain.”
Such a growth rate would have required more than 1.4 million deliveries for the year. Tesla attributes this underperformance to changes in how the company distributes cars to customers. These changes led to more vehicles being in transit to their final destination at the end of the year.
The U.S. tax credit that went into effect in 2023 likely also played a role. Many customers chose to put off their deliveries in late 2022 so that they could benefit from the savings. Tesla eventually offered a discount to compensate customers who would miss out on the tax credit.
Tesla delivery numbers since 2012
Statista
The fourth quarter of 2022 was challenging for Tesla, primarily due to a Covid outbreak in China, which caused a temporary suspension of production at its Shanghai factory. During the fourth quarter, Tesla offered steep discounts and promotions in the U.S., China, and elsewhere to stimulate demand, putting pressure on its margins.
Despite a challenging quarter, Wall Street expects Tesla's 2022 sales growth to raise annual revenue by more than 50% from a year earlier and exceed $82 billion, according to analysts surveyed by FactSet.
Analysts predict that profit will increase more than 100% from 2021 to nearly $13 billion. Tesla's growth this year can be attributed to its two newly built factories in Austin, Texas and Brandenburg, Germany.
Tesla is set to report full fourth-quarter results on January 25th. Additionally, Tesla announced its first-ever Investor Day on March 1st, where the company will discuss its next-generation vehicle platform, among other topics.
FSD v12.4 has been in the works for quite a while now, with Elon Musk previously suggesting that it would arrive near the end of May.
Musk has now given us an update on the state of v12.4, saying that FSD v12.4.2 will start rolling out to employees today.
FSD V12.4.2
FSD V12.4 initially launched with V12.4.1 to select customers on build 2024.15.5, bringing the much anticipated no-nag update alongside it. V12.4.1 had some issues according to Tesla’s early access customers who received the update in early June, with lane drifting and lane selection still being issues. On the flipside, V12.4 tends to be more assertive and less hesitant in intersections and parking lots.
Elon also mentioned that FSD 12.4.2 is much smoother, but the challenge is “keeping safety high, while also increasing ride comfort.”
Although v12.4 didn’t come with Banish Autopark and Park Seek, it did include the new vison monitoring that lets the vehicle not nag you under certain conditions.
Expected Release
We just need to confirm there are no safety regressions
-Elon Musk
So, now with the new confirmation that 12.4.2 is going to roll out to internal testers and employees soon, how far away is it for customers? It looks like it may be at least a few days away at the earliest for customers that are on FSD v12.4.1, and probably at least a week away from adding additional owners, assuming that testing goes well with this upcoming build.
When asked if V12.4.2 would come to customers on the July 1st weekend, Musk said “we just need to confirm there are no safety regressions”, which means it could be closer than we expect for ordinary customers.
FSD V12.5
So, with V12.4.2 on the horizon, what in the world is happening with V12.5? And what features will it bring with it?
In terms of features, Elon previously mentioned that V12.5 is supposed to bring Actually Smart Summon, along with fleet-based vehicle communications, and further reduce the likelihood of driver interventions. It’s also supposed to be the first iteration of Autopilot and FSD that the Cybertruck will be receiving.
It was previously supposed to arrive in early July, but that estimate is clearly out of the window given how delayed V12.4 has become. We could honestly expect FSD V12.5 to arrive alongside the 8/8 Robotaxi announcement, which would be fairly fitting.
Today, alongside update 2024.20.6, Tesla has launched its new vision-based Autopark feature to vehicles with and without USS (Ultrasonic Sensors), outside of North America.
Availability
This is the first time that the vision Autopark update has come to countries outside North America, and we have confirmed that it is currently available in European countries including Spain, Germany, France, and Italy, amongst others.
It could also be available outside of Europe, but we haven’t had confirmation yet. The specific hardware of your vehicle doesn’t matter much. It’s being made available on vehicles with HW3 or higher, Intel and AMD-based vehicles and for vehicles with and without ultrasonic sensors.
However, it does require Enhanced Autopilot or Tesla’s Full Self-Driving package on your vehicle.
Vision Autopark Features
This newest iteration of vision Autopark is quite unique and comes alongside new visuals. However, High-Fidelity Park Assist is unique to AMD processors – which displays a 3D reconstruction of your surroundings. On Intel vehicles, a top-down 2D view will be displayed instead (differences between Intel and AMD Autopark visuals).
Vision Autopark is much faster than the old USS-based Autopark, and far more accurate. It can also park in tighter spots than before, being just slightly wider than the maximum width of the vehicle you’re driving.
Keep in mind that the new vision-based Autopark still functions for backing into parking spots, and for parallel parking. It does not support driving face-in to parking spots nor diagonal parking spots at this time.
This marks the first time that Autopark is available on vehicles without ultrasonic sensors outside of North America. Looking forward, given that vision Autopark has arrived for vehicles outside of North America, there is a good chance that Smarter Summon, Park Seek, and Banish Autopark will likely also come to these vehicles when it rolls presumably in an upcoming FSD release soon.
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