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Tesla Surmounts Supply Chain Woes With Record Q4 Deliveries
The Straits Times
|January 04, 2022
It delivers 308,600 vehicles, 30% higher than last quarter, and up 70% from year ago
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Tesla on Sunday reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production.
It was the sixth consecutive quarter that the world’s most valuable carmaker posted record deliveries.
Tesla, led by billionaire chief executive Elon Musk, delivered 308,600 vehicles in the fourth quarter, far higher than analysts’ forecasts of 263,026 vehicles.
Its October to December deliveries were up about 70 per cent from a year earlier and nearly 30 per cent higher from record deliveries in the preceding quarter.
Mr Musk’s electric car company ramped up production in China even though competition rose and regulatory pressure mounted following consumer complaints over product safety.
This story is from the January 04, 2022 edition of The Straits Times.
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