Tesla delivers 308,600 vehicles in Q4, beating estimates
Jan 2 - Tesla Incon Sunday reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production.It was the sixth consecutive quarter that the world's most valuable automaker posted record deliveries.Tesla, led by billionaire CEO Elon Musk, delivered 308,600 vehicles in the fourth quarter, far higher than analysts' forecasts of 263,026 vehicles.Tesla's October-December deliveries were up about 70% from a year earlier and
Tesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.Investors should move on to using EBIT multiples to value the stock given the company's strong expected EBIT growth momentum moving forward.Some investors often missed out on momentum as one of the key factors driving Tesla's stock price, leading them to adopt a surprisingly bearish stance.Tesla, Inc. receives one of the highest coverage by the Stree
Tesla Halted Production In China For 4 Days In August Due To The Semiconductor Shortage
Production output for Tesla in China has reportedly once again been halted and is being blamed on the global semiconductor shortage.Short of the pandemic, the semi shortage has become a very convenient scapegoat, especially for the auto industry, for numerous manufacturers who have shut down production temporarily and idled plants throughout 2021.Tesla's Shanghai plant was halted "for about four days" in August, according to anew report from Reuters.In China, Tesla sold 32,968 China-made vehicl