Despite a major year-end sales push that included rare $7,500 discounts on the Models Y and 3, Musk's goals were not met.
FILE - A Tesla charges at a station in Topeka, Kan., Monday, April 5, 2021. Tesla says it sold a record 1.3 million electric vehicles in 2022. But the number fell short of CEO Elon Musk’s pledge to grow the company's sales by 50% nearly every year.AUSTIN, Texas — Tesla said Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk's pledge to grow the company's sales by 50% nearly every year.
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. Tesla didn't roll out any new models last year, and it's facing increasing competition from legacy automakers and startups such as Lucid and Rivian, which are continually introducing new electric vehicles.
That, coupled with Musk's behavior after his $44 billion purchase of Twitter, helped to push Tesla shares down more than 65% last year, bumping Musk out of the top spot for the world's wealthiest person, according to Forbes.
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