PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Energy » Tesla Says It Delivered Record 936,172 Electric Vehicles In 2021

Tesla Says It Delivered Record 936,172 Electric Vehicles In 2021

by PublicWire
January 2, 2022
in Energy
Reading Time: 2 mins read
0

Tesla, the fastest-growing U.S. automaker, reported record deliveries of its electric vehicles in 2021’s final quarter and its best-ever total sales volume, getting 936,172 of its namesake cars and crossovers to global customers. 

The company said in a statement Sunday it delivered 308,600 units, led mainly by growth in Model Y hatchbacks and Model 3 sedans, with pricey Model S and Model X crossovers, which sell for about $100,000 each, accounting for a much smaller portion. Production for the quarter at Tesla’s plants in Fremont, California, and Shanghai totaled 305,840 units and 930,422 for the year. 

The company doesn’t break down its sales by region, but China has been key to its accelerating volume growth, both in deliveries to customers there and as an export base to Europe and other markets. The quarterly delivery tally, up about 70% from a year ago, beat expectations of equity analysts including Deutsche Bank’s Emmanuel Rosner, who estimated deliveries would reach 282,000 units. Tesla’s full-year deliveries rose 87% from 2021.

Though the company fell just short of delivering 1 million vehicles last year, CEO Elon Musk has said he thinks Tesla can sell 20 million EVs annually by the end of the decade. That would be unprecedented since the world’s biggest automakers, including Toyota and Volkswagen, only sell about 10 million units worldwide annually. Certainly, Tesla should continue to see substantial growth throughout 2022 as it prepares to open new plants in Germany and Texas that will boost its total production capacity amid rising consumer interest in EVs.

“Musk & Co. have navigated the chip supply shortages better than any automaker globally over the last six months, which is why Tesla is in a clear position of strength heading into 2022 with an inflection point year ahead,” Dan Ives, an equity analyst with Wedbush, said in a research note last week in which he raised his target price on the shares to as much as $1800. “The linchpin to the overall bull thesis on Tesla remains China, which we estimate will represent 40% of deliveries for the EV maker in 2022.”

The company is to release revenue and net income results in a few weeks. 

Tesla shares fell 1.3% to $1,056.78 on Friday, the final trading day of 2021.


This post was originally published on this site

Tags: autosBreakingbreaking-newsbusinessCars & BikesEditors' PickEnergyInnovationlifestyleManufacturingSustainabilityTransportation
Previous Post

Twitter bans Republican lawmaker over Covid misinformation

Next Post

Fueled By Billionaire Dollars, Nuclear Fusion Enters A New Age

PublicWire

At PublicWire, we know the vast majority of all investors conduct their due diligence and get their news online in a variety of ways including email, social media, financial websites, text messages, RSS feeds and audio/video podcasts. PublicWire’s financial communications program is uniquely positioned to reach these investors throughout the U.S. and Canada as well as on a global scale.

Related Posts

Energy

Finally Some Good News On Energy: Steve Forbes Praises Major Liz Truss Reform

September 15, 2022
0
Energy

How The Inflation Reduction Act Could Cause A Lithium Crunch

September 15, 2022
0
Energy

Texas Is Primed To Be Our Nation’s Direct Air Capture Hub

September 15, 2022
0
Energy

How Sanctions And Policies Ensure The Energy Crisis Will Only Worsen From Here

September 13, 2022
0
Energy

Research Shows That Renewable Jobs Can Replace Those From Coal

September 13, 2022
0
Energy

Dow Jumps 200 Points As Investors Brace For August Inflation Report And More Fed Rate Hikes

September 13, 2022
0
Next Post

Fueled By Billionaire Dollars, Nuclear Fusion Enters A New Age

Please login to join discussion

Subscribe To Our Newsletter

Loading
Ad
PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2022 publicwire.com

Navigate Site

  • About
  • Contact Us
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • Videos

© Copyright 2022 publicwire.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.