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Record-breaking! Tesla delivered 308,600 units worldwide in the fourth quarter of 2021

According to the news of @Tesla Weibo on January 3, Tesla recently released the delivery data for the fourth quarter of 2021, breaking the company's quarterly delivery record, which is also the sixth consecutive quarter of Tesla to achieve record delivery.

Record-breaking! Tesla delivered 308,600 units worldwide in the fourth quarter of 2021

Tesla data shows the company delivered 308,600 vehicles in the fourth quarter of 2021, after Wall Street analysts estimated 263,000 vehicles delivered in the quarter. Tesla also said that this delivery volume is slightly conservative because the company only calculates the delivery volume of "the car is officially handed over to the customer and all the paperwork is correct" for it. So the final figure may differ by 0.5% or more from the above figure.

According to data released by Tesla, the company's October-December deliveries increased by about 70% year-on-year, nearly 30% higher than the record deliveries in the previous quarter. In addition, deliveries in 2021 increased 87% y/y to 936,000 units.

Tesla CEO Musk tweeted: "Tesla's global team is doing well! ”

Wedbush Securities analyst Daniel Ives said in a note that the record quarter highlighted the "green wave" that Tesla and CEO Elon Musk entered in 2022. The analyst believes that the strong performance also shows strong demand in China and Tesla's ability to cope with the global semiconductor shortage. The company's previous record for deliveries was 241,300 units in the third quarter of 2021.

Driven by expectations of continued growth in the electric vehicle market, Tesla's stock price soared. In 2021, the company's stock price rose nearly 50 percent to a market capitalization of more than $1 trillion, making it one of only five publicly traded companies in the United States to reach that level. On December 31 last year, the stock fell 1.3% to close at $1,056.78.

Tesla has repeatedly said that it expects deliveries to grow at a rate of 50 percent per year in the coming years.

Last year, while Tesla's deliveries continued to grow every quarter, Musk described 2021 as a "supply chain nightmare." The company has performed better than other automakers, in part because Tesla engineers have worked hard to update its procedures to accommodate whatever chips they can find that work for cars.

Source: Reader's Client

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