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 mentioned it delivered 308,600 electrical autos within the fourth quarter of 2021, beating its earlier single-quarter report in addition to analysts’ expectations. The automaker produced 305,840 absolutely electrical autos whole throughout the identical interval.
For the total 12 months, 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 automobile 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 get away gross sales or production numbers by area.
Deliveries of its flagship Model S sedan and Model X falcon wing SUV represented just below 3% of Tesla’s whole deliveries in 2021. Model 3 and Model Y deliveries amounted to 296,850 within the remaining quarter of 2021, and 911,208 for the total 12 months.
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.
Shrugging off shortages
At Tesla’s 2021 annual shareholder meeting, Musk bemoaned a 12 months marked by provide chain issues that made it tough to acquire sufficient microchips and different unspecified components.
Throughout the second 12 months 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 vehicles that it produces in Fremont, California, in order that it might ditch some components altogether.
Notably, Tesla introduced in May that it was eradicating radar sensors from Model 3 and Model Y autos constructed for purchasers in North America. Those vehicles now depend on a camera-based system to allow Tesla’s driver help options similar to traffic-adjusted cruise management or automated lane-keeping.
Looking forward
Musk has proclaimed that he needs to extend Tesla’s vehicle gross sales quantity to twenty million yearly over the subsequent 9 years. In pursuit of that progress, Tesla is poised to start out production of the Model Y crossover at its new manufacturing unit in Austin, Texas, this 12 months. It goals to open one other manufacturing unit in Brandenburg, Germany, after that.
The firm just 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+ 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, 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.
Industry outlook
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 total market share as opponents convey out absolutely electrical fashions of their very own.
Tesla’s gross sales are nonetheless anticipated to rise with total 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 international locations and cities, by setting a date by which they may ban gross sales of most gas-powered autos.
By 2030, about 24% of latest autos bought worldwide are more likely to be absolutely 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.
