A parking lot comprised primarily of new Tesla Model 3 electric vehicles is seen in Richmond, California, the United States, June 22, 2018.
Stephen Lam | Reuters
Tesla said on Sunday it had delivered 308,600 electric vehicles in the fourth quarter of 2021, breaking its previous record for the quarter as well as analysts’ expectations. The automaker produced a total of 305,840 fully electric vehicles during the same period.
For the year as a whole, Tesla delivered 936,172 vehicles, an 87% increase from 2020, when it announced its first annual profit on deliveries of 499,647.
In the third quarter of 2021, vehicle deliveries reached 241,300, Tesla’s previous best quarter.
According to a consensus compiled by FactSet, Wall Street analysts had forecast Tesla deliveries of 267,000 in the fourth quarter and 897,000 for all of 2021.
Shipments are the closest approximation to sales reported by the electric car company of CEO Elon Musk.
Tesla combines the delivery numbers of its more expensive Model S and X vehicles and its cheaper Model 3 and Y vehicles. The company does not break down sales or production figures by region.
Deliveries of its flagship Model S sedan and Falcon Wing Model X SUV accounted for just under 3% of Tesla’s total deliveries in 2021. Model 3 and Model Y deliveries totaled 296,850 in the last quarter. 2021 and 911 208 for the whole year.
Tesla manufactures Model 3 and Model Y vehicles at its plant in Shanghai and Fremont, Calif., But only produces Model X and S in Fremont.
At Tesla’s annual meeting of shareholders in 2021, Musk lamented a year marked by supply chain issues that made it difficult to obtain enough microchips and other unspecified parts.
Throughout the second year of a global coronavirus pandemic, Tesla was able to increase vehicle deliveries by ramping up production at its first overseas plant in Shanghai and making technical changes to the cars it produces at Fremont, Calif., So she can drop some parts altogether.
Notably, Tesla announced in May that it was removing radar sensors from Model 3 and Model Y vehicles built for customers in North America. These cars now rely on a camera-based system to activate Tesla’s driving assistance features, such as traffic-sensitive cruise control or automatic lane-keeping.
Musk has proclaimed that he wants to increase Tesla’s vehicle sales volume to 20 million per year over the next nine years. In pursuit of that growth, Tesla is set to begin production of the Model Y crossover at its new plant in Austin, Texas this year. He aims to open another factory in Brandenburg, Germany after that.
The company recently moved its headquarters to Texas. The CEO announced the plan in October and Tesla formalized it in early December.
Last month, Musk wrote on Twitter, where he has an estimated 68.4 million subscribers, âGiga Texas is an investment of over $ 10 billion over time, generating at least 20,000 direct jobs and 100,000 indirect jobs. ” According to public documents, Tesla plans to spend $ 1.6 billion on the Austin, Texas plant in its current first phase.
Despite progress and ambitions in Texas, Tesla has postponed plans to launch high-volume production of its Cybertruck, a distinctly angular pickup, until 2023. The company’s revamped Semi and Roadster are also still in the works.
The company now dominates sales of battery electric vehicles in the United States and much of the world. But it is expected to lose overall market share as competitors release their own all-electric models.
For example, Toyota announced to investors that it would invest $ 35 billion to release 30 battery-electric vehicles by 2030. Rivian recently began shipping its battery-electric pickups and SUVs. And Ford has stopped taking reservations for its F-150 Lightning electric pickup after receiving 200,000 orders.
Tesla’s sales are still expected to grow along with the overall demand for electric vehicles, which is in part due to climate regulations.
In hopes of reducing air pollution from transportation, states like California and New York are following in the footsteps of several European countries and cities by setting a date when they ban the sale of most gasoline vehicles.
By 2030, around 24% of new vehicles sold globally will likely be fully electric, according to Alix Partners forecasts.
–CNBC’s Jessica Bursztynsky and Jordan Novet contributed reporting.
CORRECTION: This article has been updated to show that Tesla manufactures Model 3 and Model Y vehicles at its plant in Shanghai and Fremont, Calif., But only produces Model X and Y in Fremont.