Tesla reported on Sunday that it was 936,000 cars delivered in 2021, an 87 percent year-over-year increase despite the computer chip scarcity that has impacted auto production around the world.
In the fourth quarter alone, the company delivered more than 308,000 vehicles, 71 percent more than in the same quarter of the previous year. The majority of deliveries were the Model 3 sedan and the Model Y hatchback.
Tesla doesn’t split its shipments by country. Much of the recent growth has been driven by sales in Europe and China.
The surge in shipments capped a significant year in which Tesla saw its stocks and profits soar. It has also worked to open factories near Austin, Texas, and Berlin, Germany, in hopes of maintaining its rapid growth.
In October, Tesla’s market value topped $ 1 trillion for the first time, making it more valuable than General Motors, Ford Motor, Toyota, Volkswagen, Stellantis, BMW, and several other automakers combined.
Understand the supply chain crisis
On Friday, Tesla stock closed at $ 1,056.78, down from just under $ 700 at the end of 2020. The stock’s surge was driven by rising sales and earnings. In the third quarter, the company made $ 1.6 billion, more than double its profit for all of 2020, his first profitable year.
With stocks skyrocketing, Elon Musk, CEO of Tesla, began selling large chunks of his stock. partly to cover taxesafter conducting a poll of his followers on Twitter. Several times he said he had finished selling, but continued.
Overall Mr. Musk Tesla shares valued at more than $ 16 billion sold. The transactions included the exercise of 22.8 million options granted to Mr. Musk as part of his compensation and bonus packages.
Tesla hopes shipments will increase about 50 percent annually over the next few years and is relying on production from its Austin and Berlin plants to help meet its target. Both factories are expected to start producing Model Y hatchbacks soon.
At the same time, Tesla’s product quality has remained inconsistent. On Thursday, the company notified federal regulators that it Recall of more than 475,000 cars planned for two separate defects that could compromise safety – a misaligned latch on the front hood that could allow the hood to open unexpectedly, and the wiring to the rear view camera, which can be damaged by opening and closing the trunk. Vehicles in China were also recalled a day later.
How the supply chain crisis has developed
The pandemic started the problem. The highly complex and networked global supply chain is in a state of upheaval. Much of the crisis can be attributed to the Covid-19 outbreakwhich triggered an economic slowdown, mass layoffs and a production freeze. This is what happened next:
In addition, the company and its Autopilot driver assistance system have been carefully examined by the safety authorities in the USA. Teslas have been involved in a number of accidents involving other vehicles, including some that resulted in deaths while the autopilot system was activated.
The enterprise continues to promote its autopilot system, which can handle some of the driver’s steering, braking, and acceleration duties, and a more advanced set of features, Full Self Driving, which it offers for $ 10,000 but has so far only allowed a select group of customers to test.
In August, the National Highway Traffic Safety Administration has opened a formal investigation how autopilot detects objects on the road. It specifically investigates 11 cases where Teslas crashed into ambulance vehicles that had stopped on highways and their lights were blinking.
The agency is also investigating more than two dozen other crashes involving Teslas while under autopilot control. Eight of these crashes resulted in a total of 10 deaths since first occurring in 2016.