What chip shortage? Tesla posts record fourth quarter and full year sales
CNN
Tesla bucked the industry-wide trend of reduced sales due to the shortage of computer chips and other parts, posting record sales in the fourth quarter, up 71% from a year earlier.
The strong fourth quarter of 308,600 vehicles gave Tesla full-year sales of 936,000, up 87% from the 2020 total, and above the 900,000 mark that had been the target set by many analysts.
"Taking a step back, with the chip shortage a major overhang on the auto space and logistical issues globally these delivery numbers were jaw dropping," Dan Ives, analyst for Wedbush Securities, said in a note to clients Sunday. He said Wall Street forecasts of 265,000 Tesla sales in the fourth quarter would have taken full-year sales to 892,000. The 900,000 sales target that Tesla easily cleared was a "best case number in the eyes of the street," according to Ives.
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