Tesla shares jump in premarket as deliveries surge 87% in 2021, smash quarterly record

Tesla shares surge 7% in premarket after record fourth-quarterly sales

Tesla Inc. delivered more than 308,000 vehicles in the fourth quarter, blowing away analysts’ expectations, and saw deliveries surge about 87% in a year that saw the electric-vehicle maker top $1 trillion in market cap for the first time.

Wall Street consensus was calling for fourth-quarter deliveries of about 266,000 vehicles, with some bullish analysts predicting numbers between 275,000 and 289,000. “This was a ‘trophy case’ quarter for Musk & Co. with massive momentum moving into 2022,” Wedbush analysts Daniel Ives tweeted Sunday.

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