Electric car maker Tesla says it delivered a record 1.3m vehicles last year, 40% more than in 2021.

It comes after the company delivered more than 405,000 vehicles in the last three months of 2022.

However, that figure missed Wall Street forecasts of around 430,000 deliveries for the period.

This year the motor industry is expected to face slowing demand as potential customers worry about rising interest rates and recession concerns.

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

Edited By-SPT