Tesla Corporation reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global nick shortages so that as it ramped up China production.
This marks the sixth consecutive quarter the world’s best automaker published record deliveries.
Tesla, brought by millionaire Chief executive officer Elon Musk, delivered 308,600 vehicles within the 4th quarter, far greater than analysts’ forecasts of 263,026 vehicles.
Tesla’s October-December deliveries were up about 70% from last year and nearly 30% greater from record deliveries the preceding quarter.
Tesla ramped up production in China for domestic sales and exports to Europe along with other countries despite the fact that competition rose and regulatory pressure mounted following consumer complaints over product safety.
Tesla stated it offered as many as 296,850 Model 3 compact cars and Model Y sport-utility vehicles to customers within the 4th quarter.
It delivered a combined 11,750 Model S and Model X vehicles, a noticable difference from 9,275 within the third quarter. Analysts were expecting Tesla to provide 12,879 Model S and Model X cars.