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Wednesday, 26 January 2022 15:17

Tesla Reports Most Impressive Quarter to Date in Q4 and FY 2021 Earnings Results

Written by Simon Alvarez, Teslarati

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Tesla’s fourth-quarter and full-year 2021 earnings saw the company post its most impressive quarter yet.

The results, which were discussed in the Q4 and FY 2021 Update Letter, were released after the closing bell Jan. 26.

 

Tesla was impressive in the fourth quarter, with the company producing a total of 305,840 vehicles and delivering 308,600. The lion’s share of these numbers came from the Model 3 and Model Y, as the ramp of the refreshed Model S and Model X hit challenges over the year.

 

Tesla’s numbers were even more impressive for 2021 overall, with the company producing a total of 930,422 and delivering 936,172 vehicles, setting new records. 

 

Tesla summarized its blockbuster year in its Q4 FY 2021 Update Letter.

 

“2021 was a breakthrough year for Tesla. There should no longer be doubt about the viability and profitability of electric vehicles," the company wrote. "With our deliveries up 87% in 2021, we achieved the highest quarterly operating margin among all volume OEMs, based on the latest available data, demonstrating that EVs can be more profitable than combustion engine vehicles.

 

“After a successful 2021, our focus shifts to the future. We aim to increase our production as quickly as we can, not only through ramping production at new factories in Austin and Berlin, but also by maximizing output from our established factories in Fremont and Shanghai. We believe competitiveness in the EV market will be determined by the ability to add capacity across the supply chain and ramp production.”

 

The following are the key points in Tesla’s Q4 FY 2020 Update Letter.

 

Earnings Per Share and Revenue

 

For the fourth quarter of 2021, Tesla’s earnings per share stood at...


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