Tesla Inc. enjoyed a “breakthrough year” in 2021 as it saw its revenues, profits and margins hit new record highs.
The new benchmarks shouldn’t be a surprise given its set new records for deliveries and sales in 2021.
Tesla’s new factories in Texas and Berlin have yet to add much to the production totals, the EV maker beat expectations by delivering a record 308,600 vehicles in the fourth quarter of 2021.
Fourth-quarter deliveries for Tesla grew 71% compared with the fourth quarter of 2020. For the full year, deliveries came in at around 936,000, up roughly 87% compared with the nearly 500,000 units delivered in 2020.
Tesla’s production in the fourth quarter included 296,850 Model 3 and Y vehicles and 11,750 Model S and X electric vehicles.
TheDetroitBureau.com will update this story shortly.