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Tesla shares surge after record vehicle deliveries

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Snake Mask’s electric car maker Tesla delivered a record number of cars in 2021 after the fourth quarter easily exceeded expectations.

The company delivered 308,600 vehicles in its fourth financial quarter, according to data released Sunday.

The total volume of deliveries exceeded the analysts ’forecast of 263,026 car deliveries and exceeded the car manufacturer’s previous quarter record of 241,300.

In total, Tesla delivered a record 936,172 electric vehicles in fiscal 2021, up 87 percent from the previous year, when it delivered 499,550 vehicles.

Shares of Tesla rose nearly 9 percent in response to a delivery report on Monday morning.

Tesla delivered 308,600 vehicles in its fourth financial quarter.
Tesla CEO Elon Musk
Tesla CEO Ilon Mask has expressed concern over the supply chain crisis.

Wedbush analyst Daniel Ives: “These supply numbers on a global scale, where chip shortages are related to automotive space and logistics problems, are under the jaw and speak to the 2022 EV demand trajectory for Tesla,” said Wedbush analyst Daniel Ives. . investors.

Tesla has reported delivery numbers despite supply chain problems plaguing automakers. The key components used in Tesla cars, including semiconductor chips, are lacking.

Mask announced the delivery amount on Twitter.

“The Tesla team is doing a great job around the world!” Mask wrote on Twitter.

Mask has repeatedly expressed concern about the supply chain crisis. In July, Tesla’s CEO said the company was reprogramming its software to use computer chips that were more convenient in their cars.

“We were able to replace the alternative chips and then we were able to write the firmware in a few weeks,” Mask said during a conversation on earnings at the time. “It’s not just a matter of replacing the chip; you also need to rewrite the software. “

New Tesla engines are expected to be delivered in electric vehicles, including the Tesla Model 3 truck, Silicon Valley, Fremont, California, July 28, 2018.
The total volume of deliveries exceeded the analysts’ forecast of 263,026 car deliveries.

Despite supply chain problems, Tesla’s market capitalization has grown in recent months. As of Monday, the company’s value exceeded $ 1.15 trillion.

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