The "lack of core" can not stop Tesla

Legal Counsel: Mr. Zhao Jianying

Source: Wall Street Insights (ID: Wallstreetcn) authorized for release

Author: Zhou Xiaowen

Even in 2021, faced with chip supply problems, Tesla still handed over a record report card.

On Sunday, Tesla unveiled production and delivery figures for the last quarter of last year, breaking records with more than 308,000 quarterly deliveries and 936,200 annual deliveries.

This marked the end of Tesla's early bottleneck and nearly 1 million vehicles sold a year.

Tesla deliveries in the fourth quarter were about 40,000 vehicles higher than the average expectation of Wall Street analysts who follow the company, and total deliveries were 436,000 more than the previous year, according to FactSet.

It is worth noting that such a performance was achieved under the continuous chip shortage and other supply constraints in 2021. In October, Tesla Chief Financial Officer Zach Kirkhorn told investors that the shortage prevented the company from operating the plant at full capacity and that the jump in production in the first nine months of the year was "particularly difficult to achieve."

Still, Tesla broke its own production record in the final quarter, with 305,840 new cars rolling off the production line, 68,000 more than in the previous three months; and 308,600 new cars delivered to customers in the last quarter, 28 percent higher than the previous record set in the third quarter. It was also 71 percent more than the same period the year before.

Wedbush analyst Dan Ives called the performance the company's "award season," adding in a report on Sunday:

"These delivery figures are jaw-dropping as chip shortages are a major problem in the automotive sector, as well as logistics issues across the globe."

2022, target 1.4 million?

With deliveries approaching the 1 million mark in 2021, what will Be Tesla's target deliveries in 2022?

Looking ahead to 2022, Wall Street now generally expects deliveries to be around 1.4 million, up 50% compared to 2021. Tesla management has also said its goal is to grow production at an average annual rate of 50 percent for the foreseeable future.

Given current production and upcoming new capacity, 1.4 million units is a safe bet, as long as demand remains strong in the new year.

However, according to the electric vehicle website InsideEVs, it will exceed this figure in 2022, especially if the year-on-year growth in Tesla deliveries in 2021 has exceeded 87%.

And, this year, Tesla will also have two factories in production: Tesla Giga Austin in Texas and Tesla Giga Berlin in Grünheide, near Berlin, Germany.

If the two new plants add 300,000 units together, plus the california and Shanghai plants, Tesla's full-year deliveries in 2022 may exceed 1.5 million.

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