Tesla smokes analyst predictions as it ships a record number of vehicles for the sixth consecutive quarter

Tesla has announced that the company has shipped a record 308,600 vehicles. The number is considerably higher than analyst predictions of 263,026 cars. To put the company’s record deliveries in perspective, these quarterly figures are 70% higher than Q4 last year. This rapid expansion of EV deliveries comes amid a historic global chip shortage and far-reaching supply constraints.

To brace the chip shortage, Tesla went against the auto industry and didn’t cut its chip demand in 2020, a year when vehicles suffered a hit globally. As a result, the company has been able to ramp up production in China, allowing it to up vehicle shipment by 87% to 936,172 EVs in 2021. Tesla is expected to ship more than a million vehicles in 2022, despite the ongoing supply chain troubles.

That said, Musk’s company still has a rocky 2022 ahead due to tightening regulations and safety issues prompting vehicle recalls.

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