United States: Tesla, the electric car manufacturer, has revealed that it has delivered a record of 1.3 million vehicles in 2022, 40 percent more than in 2021.

The company managed to deliver more than 405,000 vehicles in the last three months of 2022. Earlier, Tesla offered two rebates for buyers taking delivery of a vehicle before the end of 2022, initially offering a $3,750 discount and then doubling the rebate to $7,500 with two weeks left in 2022.

In a statement to investors, Tesla remarked that it had to deal with “significant COVID and supply chain related challenges throughout the year.”

“Thank you to all of our customers, employees, suppliers, shareholders, and supporters who helped us achieve a great 2022 in light of significant COVID and supply chain related challenges throughout the year,” the electric vehicle and solar panel company shared.

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

Like other car makers, in 2023, Tesla faces the challenge of slowing demand for vehicles as customers deal with rising borrowing costs and concerns about an economic slowdown.

The company is facing increasing competition from legacy automakers and startups such as Lucid and Rivian, which are continually introducing new electric vehicles.

However, CEO Mr. Elon Musk has promised to start producing the long-awaited Cybertruck electric pickup in 2023. In addition, the company also started delivering its electric semis.

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