Tesla reported that it delivered 308,600 vehicles for the last quarter of 2021, beating last quarter deliveries of 241,300 vehicles. The record vehicle deliveries for Q4 pushed its total vehicle sales for the year to over 936,000 vehicles, an 87% increase from 2020 deliveries which stood at approximately half a million cars. However, the company warns that its numbers could vary by up to 0.5% or more.
Tesla produced a total of 305,840 vehicles for the quarter and 930,422 vehicles for the year.
The EV maker beat analyst estimates expectations of 263,026 vehicles for the quarter, following the company’s efforts to ramp up production in China. The company has maintained a steady increase in its deliveries each quarter despite the ongoing global chip shortage that has affected carmakers globally and hiked vehicle prices in the US. This is thanks to in-house designing of some of its chips as well as rewriting software to adapt available chips built for other purposes.
Deutsche banks says it expects Tesla to make close to 1.5 million deliveries for 2022. The company will be adding its production capacities in 2022, as its factories in Berlin and Texas come online.