Big picture: Tesla was once again able to set a new record for car production and shipments in one quarter, despite the ongoing pandemic and, as a result, component shortages. The automaker came dangerously close to delivering one million vehicles in a full year, but nearly missed the mark. Will Tesla finally reach its milestone in 2022?
In the fourth quarter of 2021, Tesla produced 13,109 Model S and Model X vehicles, as well as 292,731 Model 3 and Model Y variants for 305,840 vehicles. That’s up 28.6% from 237,823 EVs that rolled off the assembly line in the third quarter.
Q4 deliveries total of 308,600 units, of which 296,850 were either Model 3 or Model Y. The remaining 11,750 are Model S or Model X electric vehicles.
For a full year, Tesla produced 930,422 vehicles and delivered 936,172 vehicles and SUVs. The vehicle is marked as delivered only if it has been handed over to its owner and all documents have been completed correctly.
Tesla’s share price is up more than nine percent on the day. At the time of writing, one share is trading at $ 1,153.30.
Tesla has taken big strides in 2021 and intends to continue that trend this year. In October, the company said it was moving its California headquarters to Austin, Texas. Electric vehicle maker Cybertruck’s pickup truck is expected to enter production by the end of the year and pave the way for the second-generation roadster sometime in 2023.