Tesla almost doubled its deliveries in 2021 compared to the previous year

The Tesla logo on a black background

Tesla has released production and deliveries data for Q4 2021 and the year as a whole. It reported that it made 936,172 deliveries and produced 930,422 vehicles; this is a huge jump compared to 2020 when it delivered 499,550 vehicles and produced 509,737.

The company even reported that it had delivered 308,600 vehicles in Q4 2021 which was more than half of the deliveries it made in the entirety of 2020. In the quarter, the firm also produced 305,840 cars. According to Tesla, the delivery figures should be viewed conservatively as the count only includes vehicles that have been transferred to the customer and all paperwork is correct.

While the delivery figure looks excellent, the firm has warned investors that these data only represent one measure of the company’s performance. Investors should also take into account factors such as cost of sales, foreign exchange movements, and mix of directly released vehicles.

The Tesla Model Y
Tesla's Model Y.

As is to be expected, the newer Model 3 and Model Y did much better than the Model S and X in terms of the number of vehicles produced and delivered. In the fourth quarter, the Model S and X saw 11,750 deliveries while the Model 3 and Y accounted for 296,850 deliveries. Over the year as a whole, the Model S and X accounted for 24,964 deliveries and the Model 3 and Y accounted for 911,208.

These results were announced on Sunday so it will be interesting to see how the stock market reacts to the news upon opening.

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