Palo Alto’s Tesla beats supply chain woes with record fourth-quarter deliveries

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Palo Alto’s Tesla beats supply chain woes with record fourth-quarter deliveries

On Sunday, Tesla Inc., the Palo Alto, California-headquartered e-vehicle industry trailblazer had reported record deliveries over fourth-quarter of 2021, wildly beating a Wall Street estimate as the world’s most valuable automaker had reportedly surmounted a global-scale supply chain constrain by spurring up productions at its China Gigafactory despite steep competition with home-grown manufacturers alongside an exacerbation in regulatory hindrances.

On top of that, Tesla Inc., led by the world’s richest man to-date Elon Musk having had a net asset worth of around $266 billion as of December 31, 2021, according to a Time Magazine report, had logged a sixth straight quarter of record deliveries over Q4, 2021.

Followed by the statement, Tesla Chief Musk wrote in a tweet, “Great work by Tesla team worldwide!” as the Californian automaker had ramped up productions at its China Gigafactory as beforementioned despite mounting complaints on consumers’ safety.

Apart from that, latest Tesla Inc statement that underscored an ameliorating fourth quarter delivery despite a scuffling global auto industry what had reportedly been suffering from a sharp drop in chip supplies, came against the backdrop of an October remark from Tesla Chief Elon Musk, while the charismatic talisman had been quoted saying that his e-vehicle venture would be “able to maintain an annual growth rate of more than 50 per cent for quite a while.

Tesla posts record deliveries on fourth quarter, 2021

According to Tesla Inc statement released late on the day, the American multinational automaker had delivered 308,600 vehicles over fourth quarter, beating an analysts’ estimate of 263,026 vehicles on an average.

Tesla Inc deliveries on fourth quarter that ended on December 31, 2021, in tandem, had leapt more than 70 per cent compared to the same time a year earlier, while on a year-on-year basis, the EV industry behemoth’s deliveries had soared by a whacking 87 per cent in 2021 compared to a year earlier.