Loup TV 116: Tesla’s Impressive December Delivery Numbers

Loup TV 116: Tesla’s Impressive December Delivery Numbers

Gene and Doug discuss Tesla’s December-21 quarter delivery numbers and conclude that results fall between impressive and insanely good.

Takeaways:

  • Tesla delivery growth was 71% y/y, ahead of 48% expectations. In the Sep-21 quarter, deliveries grew by 73% y/y.
  • Such upside in a normal production environment is impressive; even more impressive is the ability to do so with current supply headwinds.
  • Demand for Tesla cars remains strong, as evidenced by the company quoting 3 month lead times for Model 3 and six months for Model Y.
  • Street numbers for Tesla deliveries will likely rise above 1.3m, compared to around 1.25m previously.
  • We continue to expect that Rivian and Lucid will face production challenges in 2022.

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