Electric vehicle Tesla has released blockbuster quarterly sales again in Q4 2021. Despite the lack of global semiconductors, it increased production in China, far exceeding Wall Street expectations. Sales exceeded expectations for six consecutive quarters, breaking the record high.
◇ “The supply and demand of semiconductors are crazy”.
Last year, the automobile industry suffered the most damage due to supply and demand difficulties for semiconductor parts. Demand exploded due to Pandemic (infectious disease pandemic) and restrictions, but supply continued. However, Tesla has never lowered its production outlook thanks to suppliers who gave it a quick growth plan, and under these plans, it was able to overcome the problem of semiconductor shortages, CEO Musk explained.
In addition, unlike other automakers, Tesla produces some semiconductor parts on its own, but has reprogrammed its software to reduce the use of semiconductor parts that are still scarce, Musk said. In October, he also expressed optimism, saying, “The supply chain in 2021 was a completely crazy year, but 2022 will be able to overcome this problem.”
Tesla raised sales prices this year to offset soaring supply costs in the U.S., but its last quarter of last year was blockbuster, Reuters said. Tesla’s market capitalization exceeded $1 trillion in October. This was because Hertz, a rental car company, said at the time that it had ordered 100,000 Tesla vehicles. However, Musk announced in November that he plans to sell a 10% stake in Tesla, and the actual sale took place in December. Tesla shares have risen 50% over the past year.