Musk: Tesla deliveries will increase by more than 50% in 2022 to achieve full self-driving

According to Reuters reported on the 27th, Tesla CEO Musk predicted on the 26th that although the supply chain problem continues to exist, it should be alleviated next year, and by 2022, the delivery of Tesla vehicles will easily increase by more than 50% year-on-year. Musk also noted that he expects Tesla cars to achieve fully autonomous driving this year.

Tesla announced its fourth quarter and full year 2021 financial results

Source: Reuters

Just before Musk announced this optimistic outlook, Tesla just released a record fourth quarter and full year 2021 earnings report. Earnings showed that the company's fourth-quarter revenue increased to $17.72 billion, up 65% year-on-year, higher than analysts' expectations of $16.57 billion. For the full year of 2021, Tesla's total revenue was $53.823 billion, up 71% year-over-year.

Total Tesla Vehicle deliveries in the fourth quarter were 30. 80,000 units, an increase of 71% year-on-year. Tesla's full-year vehicle deliveries in 2021 were 940,000 units, an increase of 87% year-on-year.

Tesla's adjusted EBITDA was $4.09 billion, according to Refinitiv' data, which exceeded the general expectation of $3.89 billion. Profits for the fourth quarter of 2021 were reduced by $340 million in payroll taxes as Musk exercised options related to the 2012 compensation package. Profits also reflect rising costs for raw materials, goods, and logistics, as well as costs associated with warranties and recalls.

Musk forecasts deliveries to grow by more than 50 percent in 2022

By using less scarce chips and quick rewrite software, Tesla has done a better job of managing supply chain issues than most automakers. So despite supply chain difficulties, Tesla delivered a record number of cars to customers last quarter.

Musk said on a conference call: "We expect some or major limitations of chips to remain in place this year. But he added that the chip limit should be eased next year. He said tesla vehicle deliveries will easily grow by more than 50 percent year-on-year, meaning Tesla expects to deliver more than 1.4 million vehicles this year.

Musk also noted that Tesla won't launch new models this year, but is expected to launch Cybercruck, Semi and Roadster next year. Tesla said it has not yet developed a $25,000 model that Musk has promised to launch in 2023.

Musk expects fully autonomous driving capabilities to be achieved in 2022

Musk said he expects Tesla vehicles to achieve full self-driving capabilities this year. "I would be shocked if we can't achieve a fully autonomous driving function this year that's safer than human driving," he said. ”

The number of fully autonomous vehicles tested in the U.S. has increased from a few thousand at the end of September of the year to nearly 60,000 today. Tesla has been testing improved versions of its self-driving software on public roads, but the company says those features don't make cars self-driving.

Upstream News Compiled by Ruochen Yang