Tesla shares charge ahead as electric car maker shrugs of supply chain woes to deliver record number of vehicles
Tesla gained more than 11% after it shrugged off supply chain issues to deliver 308,600 vehicles in the fourth quarter of 2021
Tesla shares surged yesterday after it delivered a record number of vehicles.
The electric car maker’s stock gained 13.5 per cent after it shrugged off supply chain issues to deliver 308,600 vehicles in the fourth quarter of 2021, up from 180,570 in the same period the year before.
The bulk of the deliveries was made up of Tesla’s cheaper Model 3 and Y vehicles, of which 296,850 were shipped during the quarter.
The overall figure was around 43,000 more than analysts had predicted and was higher than the 241,300 delivered in the preceding quarter.
It also put total deliveries for 2021 at 936,172, up from 499,550 in 2020.
The record delivery figure capped off a strong year for Tesla, which despite disruptions kept hundreds of thousands of vehicles rolling off its production lines.