Tesla Share Up After New Production and Delivers Update
Jan 3, 2022 By MarketDepth
Tesla, Inc. (NASDAQ: TSLA) stock jumped more than 8% after the electric car manufacturer reported that in the fourth quarter it has achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles. In 2021, we delivered over 936,000 vehicles.
This update follows a year of delivery achievements for Tesla. In the third quarter, the company reported that the Fremont factory produced over 430,000 vehicles in the last four quarters and we believe there is room for continued improvement. Model S production continued to ramp successfully in Q3 and Model X production ramp and first deliveries have begun.
This is despite the continuation of global supply chain, transportation and other manufacturing challenges.
50% Annual Growth
Back in Q3, Tesla has given an optimistic outlook regarding its deliveries. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. The rate of growth will depend on our equipment capacity, operational efficiency and the capacity and stability of the supply chain.