Tesla added $100 billion of market value after serving customers with almost a million vehicles in 2021. Maintaining its $1 trillion valuation will turn the focus onto more ambitious and difficult promises than delivering cars, says JMAGuilford.
U.S. electric-car leader Tesla on Jan. 3 announced that it had delivered 308,600 vehicles in the fourth quarter, beating analysts’ estimates of around 263,000 vehicles. Tesla delivered 936,172 vehicles in total in 2021, compared to 499,550 in 2020, an 87% increase and well above Chief Executive Elon Musk’s prediction that the company could grow deliveries at over 50% annually.
Tesla’s shares opened up 8.6% on the news, adding over $91 billion to its market capitalization, which stood at about $1.2 trillion in early trading on Jan. 3.The charging plug of a Tesla electric car is pictured on a charging station at the market place in Gruenheide, near Berlin, Germany, December 28, 2021.
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