Tesla Deliveries Crushed Expectations. The Stock Should Move Higher.

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People look at a Tesla Model Y car at a Tesla showroom in Beijing on January 5, 2021.

WANG ZHAO/AFP/Getty Images

Electric vehicle leader Tesla delivered a whopping 308,600 vehicles in the fourth quarter of 2021. That’s a record result and should be enough to keep the stock moving early in 2022.

Fourth quarter deliveries grew 71% compared with the fourth quarter of 2020. For the full year, deliveries came in at around 936,000, up roughly 87% compared with the roughly 500,000 units delivered in 2020.