Tesla hits new record

Tesla’s goal of pushing electric vehicles (EVs) into the mainstream is gaining momentum with steady growth in deliveries. 

As the manufacturer expands production, the number of units it delivered is also expected to hit record levels in 2022.

Data acquired by Finbold, a market analysis company in the US, indicates that Tesla’s deliveries in 2021 came at 936,172 – up by 87.4 per cent from 2020’s total of 499,550. In 2019, the marque delivered 367,500 vehicles.

Since the company began delivering EVs in 2014, the highest annual growth was registered between 2017 and 2018 at 137.8 per cent, from 103,100 to 245,200.

In 2014, 2015 and 2016 Tesla deliveries stood at 32,000, 50,000 and 76,200 respectively.

Based on the company’s historical year-over-year percentage growth average from 2014-21, Finbold estimates that in 2022 Tesla’s shipments will for the first time surpass one million to stand at about 1,544,400, growing by 64.9 per cent from last year’s figure.

Additionally, the target will be influenced by operations at the new Texas and Berlin plants.

“Overall, Tesla deliveries are one of the most closely watched metrics for the company,” states Finbold’s report. “The metric usually underpins the company’s financial results and highlights the market’s demand for EVs.”

In general, Tesla continues to increase its annual deliveries despite the EV industry facing challenges around the global supply chain and logistics related to the coronavirus pandemic.

However, the company is known to design its chips in-house to beat the semi-conductor shortage – an advantage it has over other competing automakers. 

At the same time, Tesla has also reprogrammed software to use less scarce chips.

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