A car parking zone of predominantly new Tesla Model 3 electrical autos is seen in Richmond, California, U.S. June 22, 2018.
Stephen Lam | Reuters
Tesla on Sunday stated it delivered 308,600 electrical autos within the fourth quarter of 2021, beating its earlier single-quarter document in addition to analysts’ expectations. The automaker produced 305,840 totally electrical autos whole throughout the identical interval.
For the total yr, Tesla delivered 936,172 vehicles, an 87% enhance versus 2020 when it reported its first annual revenue on deliveries of 499,647.
In the third quarter of 2021, vehicle deliveries reached 241,300, Tesla’s earlier greatest quarter.
According to a consensus compiled by FactSet, Wall Street analysts had anticipated Tesla deliveries of 267,000 within the fourth quarter and 897,000 for all of 2021.
Deliveries are the closest approximation of gross sales reported by CEO Elon Musk’s electrical automotive firm.
Tesla combines delivery numbers for its higher-priced Model S and X autos, and lower-priced Model 3 and Y autos. The firm doesn’t escape gross sales or production numbers by area.
Deliveries of its flagship Model S sedan and Model X falcon wing SUV represented slightly below 3% of Tesla’s whole deliveries in 2021. Model 3 and Model Y deliveries amounted to 296,850 within the last quarter of 2021, and 911,208 for the total yr.
Tesla makes Model 3 and Model Y autos at its manufacturing unit in Shanghai and in Fremont, California, however solely produces the Model X and S in Fremont.
At Tesla’s 2021 annual shareholder meeting, Musk bemoaned a yr marked by provide chain issues that made it troublesome to acquire sufficient microchips and different unspecified components.
Throughout the second yr of a world coronavirus pandemic, Tesla was capable of enhance vehicle deliveries by ramping up production 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 may ditch some components altogether.
Notably, Tesla introduced in May that it was removing radar sensors from Model 3 and Model Y autos constructed for patrons in North America. Those automobiles now depend on a camera-based system to allow Tesla’s driver help options equivalent to traffic-adjusted cruise management or automated lane-keeping.
Musk has proclaimed that he desires to extend Tesla’s vehicle gross sales quantity to twenty million yearly over the subsequent 9 years. In pursuit of that development, Tesla is poised to start out production of the Model Y crossover at its new manufacturing unit in Austin, Texas, this yr. It goals to open one other manufacturing unit in Brandenburg, Germany, after that.
The firm lately moved its headquarters to Texas. The CEO introduced the plan in October, and Tesla made it official in early December.
Last month, Musk wrote on Twitter, the place he has about 68.4 million followers, “Giga Texas is a $10B+ funding over time, producing no less than 20k direct & 100k oblique jobs.” According to public filings, Tesla plans to spend $1.6 billion on the Austin, Texas, manufacturing unit in its first part now underway.
Despite progress and ambitions in Texas, Tesla has delayed plans to start out high-volume production of its Cybertruck, a distinctly angular pickup, till 2023. The firm’s Semi and revamped Roadster are nonetheless within the works, too.
The firm now dominates battery electrical vehicle gross sales within the U.S. and a lot of the world. But it’s anticipated to lose general market share as rivals convey out totally electrical fashions of their very own.
For instance, Toyota has informed traders it’s going to invest $35 billion to convey 30 battery-electric autos out by 2030. Rivian lately began deliveries of its battery-electric pick-up and SUV. And Ford stopped taking reservations for its F-150 Lightning electrical pickup truck after receiving 200,000 orders.
Tesla’s gross sales are nonetheless anticipated to rise with general electrical vehicle demand, which is partly pushed by local weather regulation.
Hoping to slash air air pollution from transportation, states together with California and New York, are following within the footsteps of a number of European nations and cities, by setting a date by which they are going to ban gross sales of most gas-powered autos.
By 2030, about 24% of latest autos offered worldwide are more likely to be totally electrical, in line with forecasts from Alix Partners.
—CNBC’s Jessica Bursztynsky and Jordan Novet contributed reporting.
CORRECTION: This article has been up to date to indicate that Tesla makes Model 3 and Model Y autos at its manufacturing unit in Shanghai and in Fremont, California, however solely produces the Model X and Y in Fremont.