Tesla expected to hit record 1.5 million deliveries this year

New data from Finbold predicts a record number of deliveries from Tesla this year, with the manufacturer expected to ship over 1.5 million models.

The data indicates that Tesla’s 2021 deliveries stood at 936,172, growing 87.4% from 2020’s figure of 499,550. In 2019, the company delivered 367,500 vehicles under different models.

Since the company began delivering electric vehicles in 2014, the highest annual growth was registered between 2017 and 2018 at 137.8%, from 103,100 to 245,200. In 2014, 2015 and 2016 Tesla’s vehicle deliveries stood at 32,000, 50,000 and 76,200 respectively.

Based on the company’s historical year-over-year percentage growth average between 2014 and 2021, Fibold estimates that in 2022 the vehicle shipments will for the first time surpass the one million to stand at 1,544,402, growing 64.9% from last year’s figure. Additionally, the target will be influenced by operations at the new Texas and Berlin plants.

The report also highlights the significance of Tesla’s vehicle delivery numbers and their impact on the market.

According to the research report: “Overall, Tesla deliveries are one of the most closely watched metrics for the company. The metric usually underpins the company’s financial results and highlights the market’s demand for electric vehicles.”

As part of achieving this growth, Finbold also expects Tesla to start production at its new factory in Austin, Texas, this year. At the factory, the company will begin producing its Model Y crossover vehicle. The production is also expected to increase with the full operations at the Berlin plant following delays witnessed late last year due to environmental hurdles.

Like the past demand, Tesla is also likely to benefit from the increasing shift towards electric vehicles due to climate regulation in various jurisdictions. For instance, like most European countries, states like California are establishing a date by which they will ban sales of most gas-powered vehicles.

In addition, the production of the Cybertruck is expected to accelerate Tesla’s deliveries, especially with manufacturing expected to start soon amid increasing demand.

Notably, Tesla CEO Elon Musk has announced the completion of engineering work despite not offering a clear production plan at launch. With operations at the Texas and Berlin plants expected to start in Q1 2022, there is hope production will begin in the near future.

According to Finbold’s previous report, as of May 2021, the estimated Cybertruck pre-orders stood at 1.08 million. The figure is higher than the company’s total deliveries for last year and as of Q4 2021, a Cybertruck reservation tally stands at 1.33 million.

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