The company says it delivered a record 1.3 million vehicles last year.
In the last three months of the year, the company delivered more than 400,000 vehicles.
Wall Street had predicted around 420,000 deliveries for the period.
The motor industry is expected to face slowing demand this year due to rising interest rates and recession concerns.
The company said in a statement to investors that it had to deal with significant Covid and supply chain related challenges.
On Tuesday, authorities in South Korea said they would fine the company $2.2m for failing to tell its customers about the shorter driving range of its electric cars.
The company had overstated the driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles and the performance of its Superchargers, according to the Korea Fair Trade Commission.
The company didn't respond to the request for comment.
In the fourth quarter of the year, deliveries by the world's most valuable car maker were about 34,000 less than by the electric car company.
It's unusual for the company to deliver as many vehicles as it has in the past.
Musk said in October that he was working to resolve the problem.
As customers deal with rising borrowing costs and concerns about an economic slowdown, the challenge of slowing demand for vehicles will be faced by other car makers.
There are newer entrants to the market like Rivian and Lucid in the US and China's BYD and Nio, as well as traditional manufacturers like Ford and GM.
Financial results for the fourth quarter and the year as a whole will be announced on January 25.
In a separate statement, the company said that it will host its Investor Day on 1 March and stream it from its Texas facility.
"Our investors will be able to see our most advanced production line as well as discuss long term expansion plans with our leadership team," the company said.
It was the worst year for the company since it went public in 2010 as investors worried about disruptions to production and Mr Musk's focus on social media.
Since buying the social media platform at the end of October, the multi-billionaire has spent a lot of time trying to turn the business around.
There is a video on... Elon Musk and social media.
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