Tesla Inc is an American electric vehicle company based in Austin, Texas, United States. On Sunday, Tesla insisted that it had delivered about 308,000 electric cars worldwide in the fourth quarter.
Elon Musk who leads the company Tesla stated that their “October- December” deliveries have reached up to 70 percent of profit which is nearly 30 percent higher than their previous single-quarter record. Notably, Tesla joined the exclusive club of companies with a $1 trillion market value in 2021.
Great work by Tesla team worldwide! https://t.co/lsDTCJtMrp
— Elon Musk (@elonmusk) January 2, 2022
Tesla has just released its Q4 2021 production and delivery report. With the global deliveries of the Model Y, Model 3, Model S, and Model X, the Tesla company beat their expectations with the rate of 308,600 deliveries in the quarter year.
Additionally, Tesla once again set a record for deliveries by easily beating the previous high mark of 241,300 set in quarter three of 2021. Tesla has said repeatedly that they expect 50% of annual increases in deliveries over a multi-year period.
Musk, who became the world’s richest person last year, has described 2021 as a “supply chain nightmare” even when his company continued to grow deliveries each quarter. When compared to other automakers, it has fared better due to the efforts of its engineers. They rewrite their software often to adapt to whatever chips they could find for other purposes.
Tesla currently manufactures the Model S, X, 3, and Y at its factory in Fremont, California, and the Model 3 and Y at its plant in Shanghai. By 2022, Tesla planned to increase the production capacity with its two new factories coming online in Austin and Berlin. Elon Musk has also promised to provide an update on Tesla’s new product plans on the company’s next earnings call.
