Skip to main content
https://www.highperformancecpmgate.com/rgeesizw1?key=a9d7b2ab045c91688419e8e18a006621

Tesla delivered close to one million vehicles in 2021

Photo by James Bareham / The Verge

Tesla Inc reported quarterly record shipments on Sunday  that far exceeded Wall Street estimates and exceeded a global chip shortage as China's production spiked.

It was the sixth straight quarter that the world's most valuable automaker posted record deliveries.
Musk delivered 308,600 vehicles in the fourth quarter, far more than analysts' forecast of 263,026 vehicles.

His electric car company increased production in China despite increased competition  and regulatory pressure from consumer complaints about product safety. Tesla supplies models made in China to Europe and some Asian countries. On an annual basis, the automaker boosted its deliveries by 87% from a year earlier to 936,172 vehicles in 2021

Musk said in October last year that Tesla will be able to grow at an annual  rate of more than 50% for "an extended period of time.
NEW FACTORY ”.
Ventures. Said on Sunday. “The first is that the demand for their products is skyrocketing. Second, they are doing an excellent job  meeting that demand, ”he said.

Tesla Chief Financial Officer Zachary Kirkhorn said in October that it was difficult to predict how quickly the company will be able to boost production at new factories in Texas and Berlin, which will use new vehicle technologies and new teams.


Tesla said in October that it aimed to build its first production cars at both facilities by the end of 2021, but it is not known whether it met that target. Tesla did not respond to a question from Reuters about the plants. Its Berlin factory had initially been scheduled to begin production last summer.


Deutsche Bank said in a report on Friday that it expected Tesla to make nearly 1.5 million vehicle deliveries this year, although chip shortages remain a risk to production.


In 2020 automakers cut chip orders as the pandemic and lockdown measures hurt demand, but Tesla never lowered its production forecast with suppliers to support its rapid growth plan that helped it beat chip shortages, Musk said.

Unlike most automakers, the software has also been reprogrammed internally to use less scarce chips, according to Musk.Musk, who previously said "2021 was the year of super insane supply chain scarcity," said in October that he was optimistic that these issues would pass on supply chain costs.
Tesla hit more than $ 1 trillion in market cap in October after car rental  company Hertz announced it had ordered 100,000 of its vehicles.

The stock lost some ground after Musk wrote on Twitter in November that he was considering selling 10% of his stake in Tesla.

Overall, Tesla shares gained 50% last year.

Comments

Post a Comment

Popular posts from this blog

How the world’s largest cannabis dispensary avoids social media restrictions

Planet 13 is the world’s largest cannabis dispensary. Located in Las Vegas, blocks off the Strip, the facility is the size of a small Walmart. By design, it’s hard to miss. Planet 13 is upending the dispensary model. It’s big, loud and visitors are encouraged to photograph everything. As part of the cannabis industry, Planet 13 is heavily restricted on the type of content it can publish on Instagram, Facebook and other social media platforms. It’s not allowed to post pictures of buds or vapes on some sites. It can’t talk about pricing or product selection on others.   View this post on Instagram   A post shared by Morgan Celeste SF Blogger (@bayareabeautyblogger) on Jan 25, 2020 at 7:54pm PST Instead, Planet 13 encourages its thousands of visitors to take photos and videos. Starting with the entrance, the facility is full of surprises tailored for the ‘gram. As a business, Planet 13’s social media content is heavily restricted a...
3 comments
Read more

Uber co-founder Garrett Camp steps back from board director role

Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer — where he says he’ll focus on product strategy for the ride hailing giant. Camp made the announcement in a short Medium post in which he writes of his decade at Uber: “I’ve learned a lot, and realized that I’m most helpful when focused on product strategy & design, and this is where I’d like to focus going forward.” “I will continue to work with Dara [Khosrowshahi, Uber CEO] and the product and technology leadership teams to brainstorm new ideas, iterate on plans and designs, and continue to innovate at scale,” he adds. “We have a strong and diverse team in place, and I’m confident everyone will navigate well during these turbulent times.” The Canadian billionaire entrepreneur signs off by saying he’s looking forward to helping Uber “brainstorm the next big idea”. Camp hasn’t been short of ideas over his career in tech. He’s the co-founder of the web 2.0 recommendatio...
Post a Comment
Read more

Billionaire clothing dynasty heiress launches Everybody & Everyone to make fashion sustainable

Veronica Chou’s family has made its fortune at the forefront of the fast fashion business through investments in companies like Michael Kors and Tommy Hilfiger . But now, the heiress to an estimated $2.1 billion fortune is launching her own company, Everybody & Everyone , to prove that the fashion industry can be both environmentally sustainable and profitable. There’s no argument about the negative impacts of the fashion industry on the environment. The textiles industry primarily uses non-renewable resources — on the order of 98 million tons per year. That includes the oil to make synthetic fibers, fertilizers to grow cotton, and toxic chemicals to dye, treat, and produce the textiles used to make clothes. The greenhouse gas footprint from textiles production was roughly 1.2 billion tons of CO2 equivalent in 2015 — more than all international flights and maritime shipments combined (and a lot of those maritime shipments and international flights were hauling clothes). The lit...
Post a Comment
Read more