Tesla delivers record 308,600 vehicles in Q4, beating estimates


FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song

(Reuters) -Tesla Inc said on Sunday it had delivered a record 308,600 electric cars to customers in the fourth quarter of 2021, well above Wall Street estimates, thanks to a production ramp-up at the electric-car maker's Shanghai factory.

Analysts had expected Tesla to deliver 263,026 vehicles, according to Refinitiv data.

Tesla said it sold a total of 296,850 Model 3 compact cars and Model Y sport-utility vehicles to customers in the fourth quarter.

It delivered a combined 11,750 Model S and Model X vehicles, an improvement from 9,275 in the third quarter. Analysts were expecting Tesla to deliver 12,879 Model S and Model X cars.

(Reporting by Nivedita Balu and Sneha Bhowmik in Bengaluru; Editing by Daniel Wallis and Mark Porter)

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