Fri. Jan 21st, 2022

Tesla broke its own production and delivery records in the last months of last year, withdrawing from the supply chain and other problems giving new customers the keys to more than 308,000 vehicles.

The blowout figure, which was announced on Sunday, limits a year in which Tesla broken by earlier bottlenecks and quickly scaled up production at a new plant in China to come close to 1 million annual sales.

Increasing confidence that the electric carmaker could overcome its persistent growth pains while also achieving comfortable profit margins raised the company’s stock market value by a third in 2021 to more than $ 1 billion.

Tesla’s deliveries in the fourth quarter were about 40,000 higher than the average estimate of Wall Street analysts following the company, according to FactSet. The strong performance brought the total number of deliveries for the year to 936,172, compared to 499,550 the year before.

Chip shortages and other supply constraints have hit some other carmakers, slowing production. Zach Kirkhorn, chief financial officer, spoke to investors in October, saying shortages had prevented the company from operating its factories at full capacity, and the huge jump in production he had achieved in the first nine months of the year was “exceptional. difficult. to achieve ”.

Despite this, Tesla continued to break its own record production volume in the last quarter with 305,840 new vehicles rolling off its production lines, or 68,000 more than in the previous three months.

The 308,600 new vehicles delivered to customers in the last quarter were 28 percent higher than the previous record, which was hit in the third. It was also 71 percent more than in the same period the year before.

With two new plants set to increase production this year, Wall Street predicts another jump in sales, with deliveries expected to reach 1.42 million. This is despite delays for some of the company’s planned new models, with volume production of its Cybertruck pickup postponed to 2023 and no target delivery dates yet for its semi-truck and a new version of its original Roadster.

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