Guests taking a look at a China-made Tesla Mannequin Y electrical car on the Auto Shanghai 2021 present in Shanghai, China, on April 27, 2021.
Qilai Shen | Bloomberg | Getty Pictures
Tesla mentioned on Sunday that it delivered greater than 308,000 electrical automobiles within the fourth quarter of 2021, beating its earlier single-quarter report. The automaker produced over 305,000 totally electrical automobiles whole throughout the identical interval.
For the complete 12 months, Tesla delivered 936,172 automobiles, up from 2020 when it reported its first annual revenue on deliveries of 499,647.
Within the third quarter of 2021, car deliveries reached 241,300, Tesla’s earlier finest quarter.
Deliveries are the closest approximation of gross sales reported by CEO Elon Musk’s electrical automobile firm.
Tesla combines supply numbers for its higher-priced Mannequin S and X automobiles, and lower-priced Mannequin 3 and Y automobiles. The corporate doesn’t get away gross sales or manufacturing numbers by area.
Based on the imply of estimates compiled by FactSet, Wall Avenue analysts had anticipated Tesla deliveries of 267,000 within the fourth quarter. (Estimates ranged from 245,000 to 292,000.)
Shrugging off shortages
At Tesla’s 2021 annual shareholder assembly, Musk bemoaned a 12 months marked by provide chain issues that made it tough to acquire sufficient microchips and different unspecified components.
All through the second 12 months of a worldwide coronavirus pandemic, Tesla was in a position to enhance car deliveries by ramping up manufacturing at its first abroad manufacturing unit in Shanghai, and by making technical adjustments to the automobiles that it produces in Fremont, California, in order that it might ditch some components altogether.
Notably, Tesla introduced in Could that it was removing radar sensors from Model 3 and Model Y vehicles built for customers in North America. Those cars now rely on a camera-based system to enable Tesla’s driver assistance features such as traffic-adjusted cruise control or automatic lane-keeping.
Musk has proclaimed that he wants to increase Tesla’s vehicle sales volume to 20 million annually over the next nine years. In pursuit of that growth, Tesla is poised to start production of the Model Y crossover at its new factory in Austin, Texas, this year. It aims to open another factory in Brandenburg, Germany, after that.
The company recently moved its headquarters to Texas. The CEO announced the plan in October, and Tesla made it official in early December.
Last month, Musk wrote on Twitter, where he has about 68.4 million followers, “Giga Texas is a $10B+ investment over time, generating at least 20k direct & 100k indirect jobs.” According to public filings, Tesla plans to spend $1.6 billion on the Austin, Texas, factory in its first phase now underway.
Despite progress and ambitions in Texas, Tesla has delayed plans to start high-volume production of its Cybertruck, a distinctly angular pickup, until 2023. The company’s Semi and revamped Roadster are still in the works, too.
The company now dominates battery electric vehicle sales in the U.S. and much of the world. But it is expected to lose overall market share as competitors bring out fully electric models of their own.
For example, Toyota has told investors it will invest $35 billion to bring 30 battery-electric vehicles out by 2030. Rivian recently began deliveries of its battery-electric pick-up and SUV. And Ford stopped taking reservations for its F-150 Lightning electric pickup truck after receiving 200,000 orders.
Tesla’s sales are still expected to rise with overall electric vehicle demand, which is partly driven by climate regulation.
Hoping to slash air pollution from transportation, states including California and New York, are following in the footsteps of several European countries and cities, by setting a date by which they will ban sales of most gas-powered vehicles.
By 2030, about 24% of new vehicles sold worldwide are likely to be fully electric, according to forecasts from Alix Partners.
—CNBC’s Jessica Bursztynsky and Jordan Novet contributed reporting.