Tesla delivered nearly a million vehicles in 2021

Photo by James Bareham / The Verge

Tesla Inc on Sunday reported record quarterly shipments that far exceeded Wall Street estimates and exceeded a global shortage of chips as China’s production soared.

It was the sixth consecutive quarter that the world’s most valuable automaker posted record deliveries.
Musk delivered 308,600 vehicles in the fourth quarter, far more than analysts’ forecast of 263,026 vehicles.

Tesla’s October-December deliveries were about 70% above the prior year and nearly 30% above the record deliveries from the prior quarter. “Excellent work from the Tesla team around the world!” Musk wrote on Twitter.

His electric car company increased production in China despite increased competition and regulatory pressure from consumer complaints about product safety. Tesla supplies models made in China to Europe and some Asian countries. Annually, the automaker increased its deliveries by 87% from the previous year to 936,172 vehicles in 2021.

Musk said in October last year that Tesla will be able to grow at an annual rate of more than 50% for “an extended period of time.
Ventures. Said on Sunday. “The first is that demand for their products is skyrocketing. Second, they are doing an excellent job meeting that demand, ”he said.

Munster said it expected Tesla deliveries to increase to 1.3 million vehicles this year despite headwinds in production from its new factories, including vehicle technologies and new equipment.

Tesla CFO Zachary Kirkhorn said in October it was difficult to predict how quickly the company will be able to boost production at new factories in Texas and Berlin, which will use new vehicle technologies and new equipment.

Tesla said in October that it was aiming to build its first production cars at both facilities by the end of 2021, but it is not known whether it met that goal. Tesla did not respond to a Reuters question about the plants. Initially, its Berlin factory had been scheduled to start production last summer.

Deutsche Bank said in a report on Friday that it expected Tesla to make nearly 1.5 million vehicle deliveries this year, although the chip shortage remains a risk to production.

In 2020, automakers cut chip orders as the pandemic and lockdown measures hurt demand, but Tesla never lowered its production forecast with suppliers to support its rapid growth plan that helped it outpace the demand. chip shortage, Musk said.

Unlike most automakers, the software has also been internally reprogrammed to use less scarce chips, according to Musk. Musk, who previously said that “2021 was the year of super insane supply chain shortages,” said in October that he was optimistic that these issues would carry over to supply chain costs.
Tesla reached more than $ 1 trillion in market capitalization in October after car rental company Hertz announced that it had ordered 100,000 of its vehicles.
The stock lost some ground after Musk wrote on Twitter in November that he was considering selling 10% of his stake in Tesla.

Overall, Tesla shares gained 50% last year.


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