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There's always a lot of talk about Tesla. At the end of the day, the company just needs to produce a lot of cars to be successful. Over the weekend Tesla reported big delivery numbers for the third quarter of 2021, crushing expectations.
They rolled out 241 000 new cars in the last three months, which is higher by 73% from this time last year. Wall Street analysts expected only 221 000 vehicles.
What makes this outcome even more impressive is that other vehicle manufacturers are missing their own targets because of supply constraints, mostly semiconductor bottlenecks. These are also old-school fossil fuel vehicles that require less onboard computing power than electric vehicles.
As semiconductors become readily available, Tesla production numbers should accelerate even faster. Elon Musk has built a very efficient manufacturing beast that's just getting started. While the rest of the market has been falling, Tesla shares have been moving higher, swimming against the tide as usual.
