shares surged on Monday after the electric-car maker smashed its own production and delivery records in the final months of last year.
The blowout figure, announced on Sunday, capped a year in which Tesla broke through bottlenecks and rapidly scaled up production at a plant inGrowing confidence that the carmaker could overcome its persistent growing pains while also achieving comfortable profit margins lifted its stock market value by one-third in 2021, to more than $1 trillion .Tesla’s fourth-quarter deliveries came in at about 40,000 higher than Wall Street analysts’ mean estimate, according to FactSet.
Despite those obstacles, Tesla went on to surpass its own record production volume in the final quarter, with 305,840 new vehicles rolling off its production lines, 68,000 more than in the preceding three months.