Following a profitable — and, ahem notable — 2021, Tesla is still at the forefront in EV production as we move into the new year. With deliveries up nearly 90 percent over 2020’s figures, Tesla achieved “the highest quarterly operating margin among all volume OEMs,” during that time frame, according to the company’s Q4 figures released Wednesday The company not only hit $5.5 billion in net income despite a $6.5 billion outlay for new production facilities in Berlin and Austin, Texas, it also exceeded its own revenue goals by a cool billion dollars.
In Q4, 2021, Tesla produced 930,000 electric vehicles (99 percent of which were Model Xs and Ys) and delivered 936,000 of them to customers around the world. At the same time, the company expanded its proprietary Supercharger network by a third, now totalling 3,476 stations. The company also stated that it is likely to be looking for new production facilities locations in 2022, but has not yet shared its list.
Tesla CEO, reaffirmed his bullish outlook on the company’s Full Self Driving feature during Wednesday’s conference call. “Over time, we think Full Self-Driving will become the most important source of profitability for Tesla,” he said during the call, noting that Tesla expanded its FSD beta program from a few thousand vehicles in Q3 up to nearly 60,000 vehicles in Q4.
However, he also confirmed that the company will not be releasing new vehicle models in 2022,