Tesla (TSLA) announced that it achieved both record production and deliveries during the last quarter of 2021.
The automaker produced “more than 305,000 electric vehicles and delivered of over 308,000 electric vehicles during Q4 2021.
Sunday morning, the automaker decided to release its production and delivery numbers for the fourth quarter of the year:
“AUSTIN, Texas, January 2, 2022 – In the fourth quarter, we achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles. In 2021, we delivered over 936,000 vehicles.”
This is a massive quarter-over-quarter increase considering Tesla produced 237,000 vehicles during the third quarter.
Most of the increase came from Model 3 and Model Y production, which Tesla still doesn’t differentiate in its report:
|Production||Deliveries||Subject to operating lease accounting|
Deliveries came in way above the Wal Street consensus of about 265,000 deliveries in Q4.
But more importantly, these results give Tesla an annualized production rate of over 1.2 million vehicles, which is unprecedented for producing electric vehicles.
Since these are the fourth quarter results, we now have Tesla’s full 2021year delivery and production numbers.
With the significant beat on deliveries in Q4, Tesla is finishing the year with 30,000 more deliveries than most estimates.
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