Zhitong Finance APP learned that Tesla (TSLA.US) delivered 308,600 vehicles worldwide in the fourth quarter of last year, breaking the company’s previous record and setting the peak of the year when the company joined the trillion-dollar market value club. .
The results announced last Sunday were better than expected, driving Tesla’s total annual sales of more than 936,000 vehicles, an increase of about 87% from the delivery volume of slightly less than 500,000 vehicles in 2020. According to the survey, market analysts expect on average Tesla car sales for the quarter to be about 263,000, but some analysts raised their expectations in the last few days of December.
Daniel Ives, an analyst at Wedbush Securities, said in a report that the record quarter highlights Tesla and CEO Elon Musk’s entry into the “green wave” of 2022. The analyst believes that the strong performance also shows strong demand in China and Tesla’s ability to cope with the global semiconductor shortage. The company’s previous delivery record was set at 241,300 vehicles in the third quarter of 2021.
Ives said: “For Tesla, this is a bragging quarter, and the company even exceeded optimistic expectations.” The analyst rated Tesla’s stock as “outperforming the market” with a target stock price of 1,400. Dollar. And said, “Tesla’s performance in the fourth quarter was jaw-dropping, and this strong momentum can continue until 2022.”
Crypto trading shows that Tesla’s stock price will rise on Monday. After announcing the delivery volume on Sunday, as of 2:38 pm New York time, Tesla tokens rose 2% on the FTX crypto exchange to $1,093.
Driven by market expectations of continued growth in the electric vehicle market, Tesla’s stock price has soared. In 2021, the company’s stock price has risen by nearly 50%, with a market value of more than $1 trillion, making it one of only five listed companies in the United States to reach this level. On December 31 last year, the stock fell 1.3% to close at $1,056.78.
Quarterly deliveries are one of Tesla’s most watched indicators. They support the company’s financial performance. As the company leads the trend of electric vehicles, the company is also widely regarded as a barometer of consumers’ overall demand for electric vehicles.
Tesla has stated many times that it expects deliveries to grow at an annual rate of 50% in the next few years. As the company achieved growth for the seventh consecutive quarter, the global semiconductor industry fell into a downturn, which affected the production of most other automakers and suppressed sales amid rising demand.
Last year, although Tesla’s deliveries continued to grow every quarter, Musk described 2021 as a “supply chain nightmare.” The company performed better than other automakers, partly because Tesla engineers worked hard to update its programs to accommodate any chips they could find suitable for cars.
Tesla said that its delivery volume is slightly conservative, and the final figure may vary by 0.5% or more.
In any quarter, the delivered volume and actual output are not necessarily one-to-one. Production in the fourth quarter was 305,840, and this year was 930,422.
Tesla did not list regional sales, but the United States and China are its largest markets, with Model 3 and Model Y leading the way. At present, Tesla’s super factory in Fremont, California, mainly produces Model S, Model Y, Model 3 and Model X, while the Shanghai Super Factory mainly produces Model 3 and Model Y. In 2022, Tesla’s two new super factories in Texas, USA and Berlin, Germany are expected to be officially put into operation to increase the company’s production capacity.
Musk promised to provide the latest Tesla new product plans on the company’s next earnings conference call.