Tesla has almost doubled its production compared to 2020. It is approaching one million electric cars a year

Tesla has announced that in the fourth quarter of 2021, it has managed to produce and deliver over 300,000 electric cars, for a total of 936,172 cars throughout the year. Thus, the production capacity of the company almost doubled from one year to another, registering an increase of 87%. At the end of 2020, Tesla managed to produce only 499,550 cars, which at the time was a record for the company.

Tesla saw an 87% increase in production in 2021

Of the 308,600 cars produced in the last quarter of 2021, 11,750 were Model S and X, while 296,850 were Model 3 and Y variants. In the third quarter, Tesla managed to deliver only 241,300 cars to customers. Part of the reason for the temporary slowdown in production was the lack of semiconductors, which had other effects. In addition to delayed deliveries, some machines were shipped to customers with missing components, such as USB ports, which would be installed at an authorized service center after the parts became available.

In fact, even Elon Musk urged employees not to rush to deliver cars faster, but to focus on reducing production costs.

The company’s CEO, Elon Musk, expects to increase production capacity by 50% every year, so the year-on-year increase of 87% between 2020 and 2021 is far above his estimates. Thus, in 2022, Tesla could exceed one million cars produced annually, approaching rather than two million.

In 2021, Tesla was one of the highest rated companies on the stock exchange, managing to exceed the valuation threshold of 1 trillion US dollars. The share price increased from $ 705 on January 1, 2021 to $ 1,056 on December 31. The $ 1,222-per-share peak was recorded in November, shortly after car rental company Hertz announced it would buy 100,000 Tesla cars to add to its fleet.

Even though Tesla was to open the Giga Berlin plant in 2021, plans have been postponed to 2022.

source: The Verge

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