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Tesla Crushed Every Expectation in 2021, with 87% Increase in Deliveries
Tesla has managed to double sales every year since 2019 despite global supply chain issues.
Despite Elon Musk’s dramatic stock selloff that briefly put a dent in Tesla’s share price in the final weeks of 2021, the company proved to investors that its core business remained solid.
Led by billionaire CEO Elon Musk, Tesla reported that it delivered 308,000 vehicles in the fourth quarter and 936,000 vehicles in 2021, which almost doubled the total shipment of 2020 with the increase of an 87 percent from the year before, despite the computer chip shortage that has disrupted auto production around the world.
“Great work by Tesla team worldwide!” Musk tweeted Sunday.
Great work by Tesla team worldwide! https://t.co/lsDTCJtMrp
— Elon Musk (@elonmusk) January 2, 2022
Analysts had expected the company to deliver around 270,000 vehicles in the fourth quarter and 897,000 vehicles for the full year. The overwhelming share of the deliveries was of the Model 3 sedan and the Model Y hatchback.
“This was a trophy case quarter for Musk & Co. with massive momentum moving into 2022,” Daniel Ives, an analyst at Wed bush Securities, a top Tesla analyst, tweeted Sunday.
Tesla just announced its 4Q delivery number which beat even the bull case whisper number on the Street. This was a “trophy case” quarter for Musk & Co. with massive momentum moving into 2022. 309k deliveries vs. the Street's 266k and bull case whisper numbers in the 275k range.
— Daniel Ives (@DivesTech) January 2, 2022
Musk has set a lofty goal for Tesla to ramp up production to 20 million electric vehicles a year by 2030. That’s 20 times what it made last year.
“Let’s make the roaring ’20s happen!” the CEO tweeted Sunday.
Let’s make the roaring 20’s happen!
— Elon Musk (@elonmusk) January 2, 2022
Tesla increased sales despite a global shortage of computer chips, which serve as the brains for a variety of electronics, including engine controllers and touch screens. The shortage forced most automakers to idle some plants for weeks at a time and kept them from producing as many vehicles as they had planned.
