Tesla recorded increased production and deliveries for the fourth quarter

Tesla recorded increased production and deliveries for the fourth quarter

Tesla shipped 388,131 Model 3 compact sedans and Model Y SUVs which saw an increase of four percent.

WASHINGTON: Electric car maker Tesla on Monday reported an increase in production and deliveries for the fourth quarter despite concerns that economic turmoil will cause a drop in demand, dpa reported.

In the last three months of this year, the luxury electric car maker has delivered 405,278 vehicles, an increase of four percent compared to last year.

Tesla shipped 388,131 Model 3 compact sedans and Model Y sport utility vehicles (SUVs) which saw an increase of four percent.

The company has also supplied 17,147 Model S/X in the fourth quarter, an increase of nine percent.

In the fourth term, Tesla produced a total of 439,701 cars.

In 2022, vehicle deliveries increased 40 percent year-on-year to 1.31 million, while production increased 47 percent from last year to 1.37 million.

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