Tesla has released its fourth-quarter vehicle production and deliveries report for 2021, and it outperformed analysts’ estimates by a wide margin. Tesla delivered 308,600 electric cars in the fourth quarter, bringing the total number of vehicles delivered to 936,172 for the year.
DistilInfo HIGH FIVE
1. Mass delivery:
Tesla recently said it delivered 308,600 electric vehicles in the fourth quarter of 2021, beating its previous single-quarter record as well as analysts’ expectations. The automaker produced 305,840 fully electric vehicles total during the same period.
For the full year, Tesla delivered 936,172 vehicles, an 87% increase versus 2020 when it reported its first annual profit on deliveries of 499, 647. In the third quarter of 2021, vehicle deliveries reached 241,300, Tesla’s previous best quarter.
According to a consensus compiled by FactSet, Wall Street analysts had anticipated Tesla deliveries of 267,000 in the fourth quarter and 897,000 for all of 2021.Deliveries are the closest approximation of sales reported by CEO Elon Musk’s electric car company.
Tesla combines delivery numbers for its higher-priced Model S and X vehicles, and lower-priced Model 3 and Y vehicles. The company does not break out sales or production numbers by region.
Deliveries of its flagship Model S sedan and Model X falcon wing SUV represented just under 3% of Tesla’s total deliveries in 2021. Model 3 and Model Y deliveries amounted to 296,850 in the final quarter of 2021, and 911,208 for the full year.