Washington: Tesla Inc.
on Sunday reported a quarterly delivery record that far exceeded Wall Street’s estimates, driving a shortage of global chips when increasing China’s production.
It was the sixth quarter in a row that the most valuable car maker in this world recorded a shipping record.
Tesla, led by the Billionaire CEO Elon Musk, delivered 308,600 vehicles in the fourth quarter, much higher than analyst estimates of 263,026 vehicles.
Tesla delivery October-December rose around 70% from the previous year and almost 30% higher than the previous quarter shipping record.
“Good work by Tesla’s team throughout the world!” Musk wrote on Twitter.
The electric car company increases production in China even though competitions rise and regulatory pressure installed after consumer complaints on product security.
Tesla sent a model made by China to Europe and several Asian countries.
On an annual basis, the car maker pushed its delivery by 87% from the previous year to 936,172 vehicles in 2021.
Musk said in October last year that Tesla would be able to maintain an annual growth rate of more than 50% for “long enough.” New “factories” Has beat all opportunities, “Gene Munster, partner managing the Venture Capital Firm Loup company, Said on Sunday.
“The first is a request for their products through the roof.
And the second is they do a good job to fulfill that request,” he said.
Munster said he expected Tesla’s delivery to grow to 1.3 million vehicles this year even though there was a headgear in production in new factories and its supply chain problems.
Chief Tesla Finance Officer Zachary Kirkhorn said in October that it was difficult to predict how fast the company would be able to increase production in new factories in Texas and Berlin, which will use new vehicle technology and new teams.
Tesla said in October that it aims to build its first production car in both facilities at the end of 2021, but it is not known whether it meets the target.
Tesla did not respond to questions from Reuters about plants.
The Berlin factory was originally scheduled to start production last summer.
Deutsche Bank said in a report on Friday that they expect Tesla to make nearly 1.5 million vehicle delivery this year, although the lack of chips remained at risk of production.
Shortagesin ‘Super Crazy’ 2020, car maker cuts orders because of a pandemic and locking steps hit the request.
But Tesla never reduced its production estimates with suppliers to support a rapid growth plan, which helped the weather lack chip, said Musk.
Tesla, who designed several chips at home unlike most car makers, also reprograms the software to use less rare chips, according to Musk.
Musk, who had previously said, “2021 has become a year of super crazy supply chain,” said in October that he was optimistic that the problems would pass in 2022.
Strong sales came even after Tesla climbed the price of our vehicles sharply This offsets a higher supply chain costs.
Tesla reached more than $ 1 trillion in market capitalization in October after the rental of the Hertz car company said it ordered 100,000 vehicles.
The company’s shares lost a little after the Musk wrote on Twitter in November that he was considering selling 10% of his shares in Tesla.
Overall, Tesla shares rose 50% last year.