-Tesla Inc on Sunday reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production.
Tesla's October-December deliveries were up about 70% from a year earlier and nearly 30% higher from record deliveries the preceding quarter.His electric car company ramped up production in China even though competition rose and regulatory pressure mounted following consumer complaints over product safety.On an annual basis, the automaker boosted its deliveries by 87% from a year earlier to 936,172 vehicles in 2021.
Munster said he expected Tesla's deliveries to grow to 1.3 million vehicles this year despite headwinds in production at its new factories and supply chain problems. Tesla, which designs some chips in-house unlike most automakers, also reprogrammed software to use less scarce chips, according to Musk.
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