The electric vehicle company also reported total production of 439,701 vehicles in the fourth quarter. This brings Tesla’s total annual deliveries to 1.31 million and total production in 2022 to 1.37 million.

Tesla also provided discounts in Mexico and China last quarter, and it’s not yet clear how those drops in prices would have affected the automaker’s margins.

Tesla’s production and delivery report does not disclose numbers by region, but Tesla has said production at its two new factories, Austin and Berlin, have ramped in recent months. The company has also pumped up production at its Fremont factory, and in Shanghai, which bounced back from production delays due to COVID-19 control measures.

The company’s share price has sunk 65% since January. The stock market is closed today, so we will see tomorrow how the delivery news has affected share price, if at all.

This article has been updated to clarify that the stock market is closed on Monday.

Tesla delivers 405,278 vehicles in Q4, missing Wall Street expectations by Rebecca Bellan originally published on TechCrunch