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Tesla, Inc. (TSLA) Stock Surges After Shattering Vehicle Delivery Estimates for 2021

Monday, January 03, 2022 10:11 AM | Kyle Depontes

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Tesla, Inc. (TSLA) Stock Surges After Shattering Vehicle Delivery Estimates for 2021

What is going on with TSLA?

Tesla, Inc. (TSLA) stock surged today after the energy and electric vehicle company announced vehicle production and delivery totals for the fourth quarter of 2021.

The company disclosed that in the fourth quarter, it achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles.

Overall in 2021, Tesla delivered over 936,000 vehicles.

Shares of TSLA increased 9.76% to $1,159.91 as of Monday at 9:54 am.

What does this mean for Tesla?

Tesla once again beat market estimates for its quarterly delivery numbers, far surpassing the 265,000 total that analysts expected.

The company also exceeded delivery totals from the last quarter (241,300) and from the fourth quarter of 2020 (180,570).

Despite the success, Tesla warned that its delivery count "should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct."

Additionally, Tesla counseled investors to examine other aspects of its balance sheet, not just its delivery totals.

"Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles."

Overall, the Model 3/Y (911,208) far outsold the Model S/X (24,964) for the whole of 2021.

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