Tesla, known as the leading manufacturer of battery cars, has announced that it has sold 1.3 million units in 2022. This is 40% more than the number of cars Tesla produced in 2021.
The announcement comes at a time when Tesla had manufactured and delivered around 405,000 vehicles in the last three months of 2022.
However, a Wall Street forecast indicating that Tesla will deliver 430,000 vehicles during the same period has been falsified.
Business in the auto sector is expected to slow down this year due to concerns among consumers over the impending slowdown in the economy and rising interest rates.
In a statement to its investors, Tesla said that the company will have to face "challenging situations arising out of Covid and problems in the supply chain system throughout the year".
South Korean officials, meanwhile, said Tesla's electric vehicle products only reach a lower level of driving limits at a time when temperatures are low. Tesla has announced that it will impose a $2.2 million fine on the company for failing to inform its customers about the incident.
"Tesla has been exaggerating the driving limit of its electric vehicles by charging and driving batteries in their electric vehicles once than the distance achieved by one liter of petrol in petrol vehicles," korea's trade commission said in a statement.
Tesla did not immediately respond when contacted by a journalist for comment.
Tesla is currently facing challenges in delivering the cars it produces. In the fourth financial year of 2022, 34,000 fewer cars were delivered than the cars produced.
This is an extraordinary situation for Tesla. In previous years, Tesla has delivered more cars than this.
Speaking last October, Tesla CEO Elon Musk said he was "taking the necessary steps to resolve these issues.".
Similarly, this year, Tesla will have to deal with competition from traditional automakers such as Ford and General Motors, as well as new arrivals such as the US Rivian and Lucid, China's BYD and Neo.
Tesla plans to announce the company's fourth-quarter report of fiscal year 2022 on January 25.
In another announcement, Tesla announced that it will hold a investors' conference on March 1 at its Zika plant in Texas and will live-stream it.
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