Tesla Inc., (NASDAQ: TSLA), the EV-giant, recently released its fourth-quarter delivery and production measures. The data released indicated that Tesla’s Model 3 was the best-selling ‘premium car’ of the year, 2021. Moreover, its CEO Elon Musk aims to increase the company’s annual sales volume to more than 20 million units over the next nine years.
Tesla’s fourth-quarter data
The company reported that they have delivered a massive 308,000 vehicles in the fourth quarter of 2021, on Sunday. It was the sixth consecutive quarter that Tesla has posted record deliveries. Tesla said it had achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles. Moreover, in the year 2021, they delivered over 936,000 vehicles. The most sold vehicles were Tesla Model 3 and Model Y.
“Great work by Tesla team worldwide!” Elon Musk wrote on Twitter. Tesla had ramped up production in China as the competition for EV dominance grew.
Deutsche Bank said in a report on Friday that it expected Tesla to make nearly 1.5 million vehicle deliveries this year, although chip shortages remain a risk to production.
Deliveries since 2015:
2016: 76,230 (+51%)
2017: 101,312 (+33%)
2018: 245,240 (+142%)
2019: 367,500 (+50%)
2020: 499,550 (+36%)
2021: 936,172 (+87%)
TSLA shares were up over 7% premarket on Monday. As of 5:58 AM EST, the shares traded at $1,127.64, up $70.71 from the previous trading day’s close. Moreover, by 8:41 a.m. EST, the share prices rose to $1129.62, up $72.84 (gaining 6.89%). The market capitalization was $1.06 trillion.
The earnings for the fourth-quarter of 2021 have still not been released. Tesla mentioned on their press release that their net income and cash flow results will be announced along with the rest of their financial performance when they will announce Q4 earnings. The date is not yet decided.