Tesla will remember 2021 as a watershed year for its business growth. The US giant announced that it had delivered the keys of almost half a million vehicles worldwide to its customers last year, an increase of 87% compared to 2020. A leap well beyond the expectations of the Austin-based company itself, which last year January announced it was aiming to increase annual deliveries by an average of 50% for several years. “Great work of the Tesla team all over the world!”, Exulted on Twitter the CEO Elon Musk.
Tesla sold a total of 936,172 electric cars last year, specifically 911,208 vehicles between Model 3 and Model Y and 24,964 between luxury models S and X. In the fourth quarter of 2021 alone, 308,600 cars were delivered, exceeding the figure of 71%. corresponding period of 2020 (180,667) and of 28% that of the third quarter of last year (241,391). Here, too, the Model 3 and Y made a big splash with 296,850 units delivered compared to the 11,750 of Model S and X. Market expectations were thus beaten. According to the FactSet consensus, Wall Street analysts expected deliveries of 267,000 cars in the fourth quarter and 897,000 for all of 2021. In addition, Tesla reported that it had produced 930,422 vehicles last year and 305,840 in the last three months. However, the numbers on sales and production by region. However, more than half of the vehicles were likely built at the Shanghai plant, Credit Suisse recently estimated.
Tesla successfully addressed the global semiconductor crisis and supply chain bottlenecks, which hit the entire automotive industry hard. Leveraging its Silicon Valley origins, the neo-Texan house quickly rewrote the software needed to integrate alternative chips into its vehicles, Musk explained. It also benefited from the visibility of the supply chain and supplier relationships resulting from being more vertically integrated than many companies in the industry. However, Tesla has not been totally immune to these issues. The company had to run its plants below full capacity and briefly closed its Fremont, California plant in February due to a shortage of components. It also delayed the high-volume production of its all-electric pickup, Cybertruck, until 2023, while the semi-trailer and the updated Roadster are still in the works. Musk has vowed to provide an updated product road map during the next corporate earnings presentation, expected in a few weeks.
However, the market outlook remains positive. Analysts interviewed by FactSet expect the 2021 results to allow Tesla to achieve a record full-year profit of about $ 5 billion on nearly $ 52 billion in revenue. Deutsche Bank said in a report on Friday that it expects Tesla to make nearly 1.5 million deliveries in 2022, although the chip shortage remains a manufacturing risk.
The record performance of the neo-Texan company pushed the stock higher on Wall Street. Tesla shares gained 7.64% in the pre-market session, traveling at $ 1,137.50. Despite the turmoil of recent months, the stock saw its value jump 50% last year, taking the automaker’s market capitalization to over $ 1 trillion. (All rights reserved)

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