Investors welcomed Tesla’s (TSLA) Q4 production and delivery numbers as they sent the automaker’s market capitalization surging up by $100 billion on the first trading day of 2022.
Tesla’s lead in electric vehicle production is becoming undeniable.
As we reported yesterday, Tesla released its Q4 2021 results and confirmed that it produced “more than 305,000 electric vehicles and delivered over 308,000 electric vehicles during the quarter.”
These results were about 40,000 electric cars over Wall Street expectations, which is a massive expectation beat – even for Tesla.
With demand for electric vehicles going through the roof, the focus is on automakers ramping up EV production, and Tesla is proving to be the best at it right now.
Cars, electric or otherwise, are hard to manufacture, and it takes time to increase production volumes.
On top of it, current supply chain issues are making things difficult throughout the entire auto industry.
It makes Tesla’s growth over that period even more impressive.
For years, Tesla naysayers have said that demand will fall once other automakers launch electric vehicles, but as many EV proponents predicted, the opposite happened.
There are more EV models available than ever, yet Tesla’s demand is at an all-time high, which leads to long wait times to get a new vehicle.
It shifted the focus from demand to production. Now the race is to deploy as much EV production capacity as possible to meet that demand.
Last quarter, Tesla surprised with a big jump of 70,000 more electric vehicles produced compared to the previous quarter.
It showed the automaker’s impressive capacity to increase production, and the market rewarded the company with a more than 10% jump this morning.
This kind of jump in value is massive for a company already valued at over $1 trillion. It means that Tesla’s market capitalization increased by over $100 billion this morning.
Tesla’s stock is reaching close to its all-time high that it achieved after Hertz announced that it ordered 100,000 Model 3 vehicles.
OnMyWay Is The #1 Distracted Driving Mobile App In The Nation!
OnMyWay, based in Charleston, SC, The Only Mobile App That Pays its Users Not to Text and Drive.
The #1 cause of death among young adults ages 16-27 is Car Accidents, with the majority related to Distracted Driving.
OnMyWay’s mission is to reverse this epidemic through positive rewards. Users get paid for every mile they do not text and drive and can refer their friends to get compensated for them as well.
The money earned can then be used for Cash Cards, Gift Cards, Travel Deals and Much, Much More….
The company also makes it a point to let users know that OnMyWay does NOT sell users data and only tracks them for purposes of providing a better experience while using the app.
The OnMyWay app is free to download and is currently available on both the App Store for iPhones and Google Play for Android @ OnMyWay; Drive Safe, Get Paid.
Download App Now – https://r.onmyway.com
Sponsors and advertisers can contact the company directly through their website @ www.onmyway.com.