Hyperdrive

Tesla Smashes Quarterly Delivery Record With 308,600 Cars

Automaker easily exceeds Wall Street estimates for handovers
Company’s shares jump 7% in premarket trading on Monday

WATCH: Tesla smashed its previous record for global deliveries, putting a cap on the year where it joined the $1 trillion valuation club. Bloomberg’s Brendan Case reports.Source: Bloomberg

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By Dana Hull and Brendan Case

January 2, 2022 at 4:18 PM UTC

Updated on

January 3, 2022 at 9:11 AM UTC

This article is for subscribers only.

Tesla Inc. delivered 308,600 vehicles worldwide in the fourth quarter, smashing the previous record for the electric-car maker and setting a capstone on a year in which the company joined the exclusive $1 trillion market valuation club.

The better-than-expected results posted Sunday pushed Tesla’s total sales for the year to more than 936,000, up about 87% over 2020’s deliveries of just under a half-million vehicles. Thirteen analysts surveyed by Bloomberg on average had expected about 263,000 vehicles for the quarter, though some had revised their numbers upward in the final days of December.