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AUSTIN, Texas — Tesla delivered 936,000 vehicles last year, up 87% from 2020 deliveries.
The electric vehicle company announced fourth-quarter production and delivery results on Sunday, long before it plans to reveal sales figures for the same October-December period.
The Austin, Texas-based automaker said it delivered 308,600 vehicles in the last quarter of 2021, a record for the company and thousands more cars than Wall Street analysts had expected.
Wedbush Securities analyst Daniel Ives said the numbers were “jaw-dropping” given the ongoing global chip shortage affecting the automotive industry. Ives says the production increase was likely fueled by increased demand from auto buyers in China, as well as broader enthusiasm for electric vehicles.
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