Tesla TSLA This autumn 2021 car supply and manufacturing numbers

Visitors looking at a China-made Tesla Model Y electric vehicle at Auto Shanghai 2021 in Shanghai, China on April 27, 2021.

Qilai Shen | Bloomberg | Getty Images

Tesla am Sonntag said it delivered 308,600 electric vehicles in the fourth quarter of 2021, beating the previous record for a single quarter and analyst expectations. The automaker produced a total of 305,840 fully electric vehicles in the same period.

For the whole year, Tesla has delivered 936,172 vehicles, an 87% increase over 2020 when the company posted its first annual profit on deliveries of 499,647.

In the third quarter of 2021, vehicle deliveries reached 241,300, Tesla’s best quarter to date.

According to a consensus created by FactSet, Wall Street analysts had expected 267,000 Tesla deliveries in the fourth quarter and 897,000 for the whole of 2021.

The deliveries are closest to the sales reported by the CEO Elon Musks Electric car company.

Tesla summarizes the delivery figures of the higher-priced vehicles Model S and X as well as the cheaper vehicles Model 3 and Y. The company does not break down sales or production numbers by region.

Deliveries of the flagship Model S sedan and the Falcon Wing SUV Model X accounted for almost 3% of Tesla’s total deliveries in 2021. Model 3 and Model Y deliveries totaled 296,850 in the last quarter of 2021 and 911,208 for the full year.

Tesla manufactures Model 3 and Y vehicles at its Shanghai and Fremont, Calif., Facility, but only manufactures the X and Y models in Fremont.

Shake off bottlenecks

At Tesla’s annual shareholder in 2021 meeting, Musk lamented a year of supply chain problems that made it difficult to source enough microchips and other unspecified parts.

During the second year of a global coronavirus pandemic, Tesla increased vehicle deliveries by ramping up production at its first overseas factory in Shanghai and making engineering changes to the cars it produced in Fremont, California, some parts together.

Specifically, Tesla announced in May that it Remove radar sensors of Model 3 and Model Y vehicles built for customers in North America. These cars now rely on a camera-based system to enable Tesla’s driver assistance functions such as traffic-dependent cruise control or automatic lane keeping.

looking ahead

Musk has announced plans to increase Tesla’s vehicle sales to 20 million annually over the next nine years. To achieve that growth, Tesla is poised to begin production of the Model Y crossover at its new Austin, Texas factory this year. The aim is to open another factory in Brandenburg, Germany, afterwards.

The company recently relocated its headquarters to Texas. The CEO announced the plan in October, and Tesla made it official in early December.

Last month, Musk wrote on Twitter, with approximately 68.4 million followers, “Giga Texas is an investment of more than $ 10 billion over time that will create at least 20,000 direct and 100,000 indirect jobs.” According to public filings, Tesla plans to spend $ 1.6 billion on the Austin, Texas factory, which is now in phase one.

Despite advances and ambitions in Texas, Tesla has postponed plans to start mass production of its Cybertruck, a distinctly angular pickup truck, until 2023. The company’s semi and redesigned roadster are also still in the works.

Industry outlook

The company now dominates battery electric vehicle sales in the United States and much of the world. However, it is expected to lose market share overall as competitors launch their own all-electric models.

For example, Toyota told investors it will be Invest 35 billion dollars To bring 30 battery electric vehicles to market by 2030. Rivian recently started deliveries his battery-electric pick-up and SUV. and ford no more reservations for his F-150 flash Electric pickup after 200,000 orders.

Tesla sales are still expected to grow with overall demand for electric vehicles, which is in part driven by climate regulation.

Hoping to reduce air pollution from traffic, including states California and new York, are following in the footsteps of several European countries and cities by setting a date by which the sale of most gas-powered vehicles will be banned.

By 2030, Alix Partners predicts that around 24% of new vehicles sold worldwide will be fully electric.

– CNBC’s Jessica Bursztynsky and Jordan Novet contributed to the coverage.

Tesla TSLA earnings Q3 2021

Tesla reported third quarter results after the bell Wednesday, and it’s a blow in terms of both sales and earnings.

The company’s stock was down 1.5% after the close of business. Here are the results.

  • Earnings per share (adjusted): $ 1.86 versus $ 1.59 per refinitive
  • Revenue: $ 13.76 billion versus $ 13.63 billion per refinitive

The company reported net income of $ 1.62 billion (GAAP) for the quarter, exceeding $ 1 billion for the second time. For the year-ago quarter net income was $ 331 million.

The record results were driven by improved gross margins of 30.5% in the automotive business and 26.6% overall, both records for at least the past five quarters.

Auto sales rose to $ 12.06 billion and auto sales cost for the quarter was $ 8.38 billion.

Tesla also posted revenue of 806 million in previous financial filings.

In the energy and storage businesses, the cost of sales rose to the highest level in the last five quarters of $ 803 million in the third quarter.

In a shareholder deck Tesla released ahead of a call to discuss third quarter results, the company said, “A variety of challenges, including semiconductor shortages, port congestion, and rolling power outages, have hampered our ability to keep factories running at full speed.”

Despite these problems, the company reiterated its previous forecast that it expects “an average annual growth in vehicle deliveries of 50%” over a multi-year period.

In the third quarter, Tesla recorded an impairment loss of $ 51 million related to its investment in Bitcoin, which was reported under “Restructuring and other” charges.

Tesla had before disclosed deliveries of 241,300 electric vehicles and production of 237,823 vehicles in the period ended September 30, 2021.

Unlike other automakers, Tesla’s sales soared in the quarter, setting a new company record, despite chip shortages and supply chain challenges weighing on the industry. (Deliveries are the closest approximation of Tesla reported sales.)

Many other automakers have reported record profits during the semiconductor die shortage due to robust consumer demand, but have been unable to generate better sales due to supplier restrictions.

In a shareholder deck for the third quarter of 2021, Tesla remained non-binding regarding the start date for production of the highly anticipated cybertruck. The company is just saying that production of the nontraditional truck will begin sometime after the Model Y starts production in Austin, where Tesla is building a new vehicle assembly plant.

Tesla also said in the deck that for all vehicles in the standard range, “The chemistry of lithium iron phosphate batteries (LFP) is being used around the world.”

Previously, Tesla used lithium-ion battery cells with nickel cathodes in its standard vehicles for customers in North America. Because iron is more abundant than raw materials used in other lithium-ion battery cells, such as nickel and cobalt, LFP batteries are generally cheaper to manufacture.

The two leading manufacturers of such battery cells are CATL and BYD in China. Tesla is already sourcing batteries from CATL, the companies previously announced.

Analysts asked Tesla executives on Wednesday if they plan to source all of their LFP batteries from China. Tesla’s senior vice president of powertrain and energy engineering, Drew Baglino, said the company’s goal is to “localize” automotive and battery production as much as possible to the continents where cars are made. That goal extends to battery cells, he suggested.

Shareholders also asked Tesla how the company would deal with a tougher or more critical federal vehicle safety regulator.

The National Highway Traffic and Safety Administration is currently investigating Tesla for possible safety flaws in its autopilot driver assistance system following a series of accidents in which Tesla drivers collided with parked first aid vehicles while using the autopilot.

Tesla’s vice president of automotive technology, Lars Moravy, spoke of Tesla’s relationship with NHTSA as a partnership when he called on Wednesday. “We always cooperate fully with NHTSA,” said Moravy. As NHTSA figured out the rules and regulations for vehicles with more software-enabled features, he added, “We’re excited to be a part of this journey.”

The comments contrasted with statements made by Tesla CEO Elon Musk. Musk previously accused the Biden government of generally anti-Tesla bias.

And this week, Musk complained about a new NHTSA safety advisor, Missy Cummings, to his tens of millions of followers on Twitter.

Cummings, a professor of engineering and computer science at Duke University, previously criticized Tesla’s approach with the driver assistance systems, which it markets as autopilot and full self-driving options. None of the systems make Tesla vehicles autonomous or safe for use without a driver at the wheel.

“Objectively, their track record against Tesla is extremely biased,” Musk wrote.

US Secretary of Transportation Pete Buttigieg said at a press event on Wednesday, “He’s welcome to call me if he’s concerned.”

Last quarter, Musk said he would no longer make phone calls By default.

The bombastic CEO chose not to speak in front of shareholders and analysts on Wednesday, and the profit call was as known as Musk when compared to previous quarterly calls offended analysts, or called pandemic health orders fascist.

Correction: Due to a processing error, the components of Tesla’s service revenue were incorrectly reported in an earlier version of this article. FSD subscriptions are counted as part of automotive sales.

– CNBCs Michael Wayland Reporting contributed.

Tesla TSLA Q3 2021 car supply numbers

Tesla delivered 241,300 electric vehicles in the third quarter of 2021, the company announced on Saturday.

Deliveries for the quarter exceeded expectations. Analysts predict that Tesla will deliver around 220,900 electric cars by September 30, according to StreetAccount estimates.

The company produced 237,823 cars through September 30, 2021, Tesla said in its report. 228,882 of these were for the Model 3 and Y models, the cheaper mid-range offers.

The remainder amounted to 8,941 of the S and X models.

Last quarter, Tesla shipped 201,250 vehicles and produced 206,421 cars, although production of its S and X models fell below 2,500.

“Our delivery count should be viewed as a bit conservative, as we only count a car as delivered when it is handed over to the customer and all papers are correct. Statement.

Tesla does not break down the delivery figures by model, nor do they have any sales or production figures from China compared to the USA (deliveries are the company’s closest approximation of vehicle sales.)

Elon MuskThe electric vehicle maker now manufactures cars at its Shanghai facility and its US facility in Fremont, California, while continuing to manufacture batteries domestically with Panasonic at its sprawling facility outside of Reno, Nevada.

For the period ending September 30, 2021, Tesla started shipping some lithium iron phosphate batteries from China for use in Model 3 vehicles for customers in the US

Tesla has also temporarily shut down some operations at its vehicle assembly plant in Shanghai, where it makes cars for customers in China and Europe. The stops have been attributed to a global semiconductor shortage that has challenged Tesla year-round and plagued the entire auto industry.

New battery electric models, especially Rivians R1T and the long-delayed luxury of Lucid Motors Lucid Air limousine, are now in production and are being sold to customers in the United States, an indication that competition is intensifying for Tesla in key markets.

At the same time, interest in electric vehicles is growing, even in the US, which is lagging behind China and Europe.

According to a June 2021 survey by Pew research, 39% of Americans say that “the next time they buy a vehicle, there is at least a certain chance they are seriously considering an electric drive.” About 7% of Americans said they have already bought a battery-only electric or hybrid electric vehicle.

This demand is only encouraged by rising fuel costs and environmental regulations.

For example in China, Government programs make it much faster and cheaper to get license plates for electric vehicles than vehicles with internal combustion engines. The Chinese government has also offered subsidies, tax breaks, and invested in charging infrastructure to encourage the production and adoption of electric vehicles.

Meanwhile, President Joe Biden has a volunteer destination for half of all new car sales in the USA there should be electric models by 2030 – including battery electrics, plug-in hybrids and hydrogen fuel cell vehicles. The move is part of the Biden government’s commitment to Cut US emissions by half by 2030.

Piper Sandler Senior research analyst Alexander Potter, a bull with a target price of $ 1,200 on Tesla stock, wrote in a note on Sept. 27:

“Tesla’s share of the battery electric vehicle (BEV) market will almost certainly decrease – as many competitors have not yet started selling BEVs. However, we assume that Tesla’s share of the overall market will continue to grow, and we emphasize that BEV’s market share is falling. ”Should not be taken as a bearish signal … After all, Tesla competes with vehicles of all types – not just other electric vehicles . “

Sam Fiorani, vice president of Auto Forecast Solutions, agreed. He said, “Tesla is so far ahead of the competition in the EV market that it is unlikely that anyone will overtake them anytime soon. The Tesla cult will bind buyers to the brand in the years to come. Even Audi and Mercedes are difficult to acquire the same aura. While their market share will decline, Tesla will maintain the leadership position for years to come without any major missteps within the company. “