Tesla avoids supply dilemma to deliver record number of new cars

In the last few months of last year, Tesla broke its own production and delivery records, got rid of supply chain and other problems, and handed the keys to more than 308,000 cars to new customers.

The blowout figures announced on Sunday ended the year Tesla Breaking through the early bottleneck, the new factory in China rapidly expanded the scale of production, with annual sales approaching 1 million units.

People are increasingly believing that the electric car manufacturer can overcome its continued growth pains while achieving considerable profit margins, which will increase the company’s stock market value by one-third to more than $1 trillion in 2021.

According to data from FactSet, Tesla’s fourth-quarter deliveries were approximately 40,000 higher than the average estimate of Wall Street analysts who follow the company. The strong performance brought the annual delivery volume to 936,172 vehicles, higher than the 499,550 vehicles in the previous year.

Chip shortages and other supply constraints have affected some other automakers, causing production to slow down. In October, Chief Financial Officer Zach Kirkhorn told investors that the shortage prevented the company from operating at full capacity and that the substantial increase in production achieved in the first nine months of this year was “extraordinarily difficult”. accomplish”.

Despite this, Tesla continued to break its own record production in the last quarter, producing 305,840 new cars off the production line, an increase of 68,000 over the previous three months.

The 308,600 new vehicles delivered to customers in the last quarter were 28% higher than the previous record, which was set in the third quarter. It also increased by 71% over the same period last year.

Since two new factories will start to increase production this year, Wall Street predicts that sales will leap again, with deliveries expected to reach 1.42 million vehicles. Although some of the company’s planned new models have been postponed, mass production of its Cybertruck pickup has been postponed to 2023, and its semi-truck and the new version of the original Roadster have no target delivery dates.

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