Tesla Inc. reported record quarterly deliveries that far exceeded Wall Street estimates. The number of deliveries in Q4 also showed that the manufacturer coped with the chip shortage at the highest level, delivering 935K+ vehicles in 2021.
Tesla today reported Q4 production and delivery data. According to the announcement, the manufacturer delivered a record 308,600 vehicles, well above Wall Street analysts' forecasts of 263,026 vehicles. The margin of error was in an impressive 45,574 cars, which demonstrates the ongoing misunderstanding of Tesla's potential and generally, analysts’ inability to correctly assess the company's capabilities.
Tesla's deliveries last quarter were up about 70% from a year earlier and nearly 30% up from record deliveries just in Q3. Much of this has been made possible by an increase in production at Giga Shanghai, which supplies vehicles around the world. The Fremont factory produces vehicles for the North American market.
Of the 308,600 units, Model 3/Y were 296,850 and Model S/X 11,750. Thus, in four quarters of 2021, Tesla delivered an impressive 935K+ units, up 87% YoY.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.