Tesla delivered 936,172 electrical autos in 2021, with the fourth quarter breaking a brand new document

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A parking lot with mostly new Tesla Model 3 electric vehicles can be seen in Richmond, California, the United States, June 22, 2018.

Stephen Lam | Reuters

Tesla announced on Sunday that it had delivered 308,600 electric vehicles in the fourth quarter of 2021, beating the previous record of a single quarter and analyst expectations. The automaker produced a total of 305,840 fully electric vehicles in the same period.

For the full year, Tesla delivered 936,172 vehicles, an 87% increase from 2020 when it posted its first annual profit on deliveries of 499,647.

In the third quarter of 2021, vehicle deliveries reached 241,300, Tesla’s best quarter to date.

According to a consensus created by FactSet, Wall Street analysts had expected 267,000 Tesla deliveries in the fourth quarter and 897,000 for the whole of 2021.

The deliveries are the closest approximation of the sales reported by CEO Elon Musk’s electric car company.

Tesla combines the delivery figures for its higher-priced Model S and X vehicles and lower-priced Model 3 and Y vehicles. The company does not break down sales or production figures by region.

Read more about electric vehicles from CNBC Pro

Deliveries of the flagship Model S sedan and the Falcon Wing SUV Model X accounted for almost 3% of Tesla’s total deliveries in 2021. Model 3 and Model Y deliveries totaled 296,850 in the last quarter of 2021 and 911,208 for the full year.

Tesla manufactures Model 3 and Model Y vehicles at its Shanghai and Fremont, Calif., Facility, but only manufactures the X and S models in Fremont.

Shake off bottlenecks

At Tesla’s 2021 annual general meeting, Musk lamented a year marked by supply chain problems that made it difficult to source enough microchips and other unspecified parts.

During the second year of a global coronavirus pandemic, Tesla increased vehicle deliveries by ramping up production at its first overseas factory in Shanghai and making engineering changes to the cars it produced in Fremont, California, some parts together.

In particular, Tesla announced in May that it would be 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 enable Tesla’s driver assistance functions such as traffic-dependent cruise control or automatic lane keeping.

looking ahead

Musk has announced plans to increase Tesla’s vehicle sales to 20 million annually over the next nine years. To achieve that growth, Tesla is poised to begin production of the Model Y crossover at its new Austin, Texas factory this year. After that, another plant is to be opened in Brandenburg.

The company recently relocated its headquarters to Texas. The CEO announced the plan in October, and Tesla made it official in early December.

Last month, Musk wrote on Twitter, with approximately 68.4 million followers, “Giga Texas is an investment of more than $ 10 billion over time that will create at least 20,000 direct and 100,000 indirect jobs.” According to public records, Tesla plans to spend $ 1.6 billion on the Austin, Texas factory, which is now in phase one.

Despite advances and ambitions in Texas, Tesla has postponed plans to start mass production of its Cybertruck, a distinctly angular pickup truck, until 2023. The company’s semi and redesigned roadster are also still in the works.

Industry outlook

The company now dominates battery electric vehicle sales in the United States and much of the world. However, it is expected to lose market share overall as competitors launch their own all-electric models.

Toyota, for example, has announced investors will invest $ 35 billion to bring 30 battery electric vehicles to market by 2030. Rivian recently started delivering its battery-electric pick-up and SUV. And Ford stopped taking reservations for its F-150 Lightning electric pickup truck after receiving 200,000 orders.

Tesla sales are still expected to grow with overall demand for electric vehicles, which is in part driven by climate regulation.

Hoping to reduce air pollution from traffic, states like California and New York are following in the footsteps of several European countries and cities by setting a date by which they will ban sales of most gas-powered vehicles.

By 2030, Alix Partners predicts that around 24% of new vehicles sold worldwide will be fully electric.

– CNBC’s Jessica Bursztynsky and Jordan Novet contributed to the coverage.

CORRECTION: This article has been updated to show that Tesla makes Model 3 and Y vehicles at its Shanghai and Fremont, Calif. Facility, but only produces Model X and Y in Fremont.

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