Tesla's big delivery numbers light up stock price:
"Q4 2021 production results should bolster 2022 expectations but we believe ultimately the pace of capacity expansion will be the larger determinants," said Joseph Spak, an analyst at RBC Capital Markets.
Tesla delivered 308,600 vehicles in the fourth quarter, higher than analysts' forecasts of 263,026 vehicles. The company, like others, faces component shortages, as a global logistic crunch and factory closures due to the pandemic limited supply. But Tesla managed to overcome much of the problems by reprogramming software to use less scarce chips.
Analysts are expecting new factories to start operating early this year, ramping up production and easing much of the supply constraints.
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