Tesla shares jump in premarket as deliveries surge 87% in 2021, smash quarterly record

Tesla shares jump in premarket as deliveries surge 87% in 2021, smash quarterly record

Tesla Inc. delivered more than 308,000 vehicles in the fourth quarter, blowing away analysts’ expectations, and saw deliveries surge about 87% in a year that saw the electric-vehicle maker top $1 trillion in market cap for the first time.

In a statement Sunday, Tesla TSLA, -1.27% said it delivered more than 936,000 vehicles in 2021 — 911,209 of which were Model 3 sedans and Model Y SUVs. That’s almost double 2020’s totals, when it delivered about 500,000 vehicles. Tesla added that its final delivery numbers are slightly conservative, and may rise slightly after final calculations are made for its fourth-quarter earnings earnings announcement.

Wall Street consensus was calling for fourth-quarter deliveries of about 266,000 vehicles, with some bullish analysts predicting numbers between 275,000 and 289,000.

Shares of Tesla jumped 6% in premarket trading on Monday, ahead of the first session of 2022. Tesla…

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