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Expand chart
Data: Company reports; Chart: Axios Visuals

Tesla reported fresh quarterly and full-year delivery records, underscoring how it's weathering the chip shortage hobbling the auto industry and signaling wider momentum for electric cars.

Driving the news: Tesla said Sunday that it delivered 308,600 cars worldwide in the fourth quarter and 936,172 for all of 2021, beating analysts' estimates.

  • Tesla's stock is up about 7% this morning in premarket trading.

What they're saying: "This was a 'trophy case' quarter for [CEO Elon] Musk & Co. with massive momentum moving into 2022," Wedbush Securities analyst Dan Ives said in a note.

The big picture: It's the latest moment in a strong run for the automaker, which is now consistently profitable and reported a record $1.6 billion in Q3 net earnings.

Yes, but: The Wall Street Journal notes Tesla has not completely avoided supply chain woes, and Tesla also suffered a setback with a big recall announced last week.

Go deeper

Jan 12, 2022 - Economy & Business

A new reality check on self-driving cars

Illustration: Shoshana Gordon/Axios

Some carmakers and tech companies say they're preparing to deliver self-driving cars to consumers within just a few years, a fresh promise that makes it seem like 2016 again. But beware the hype.

Why it matters: Your car might be capable of driving itself in the not-too-distant future, but only under certain conditions, like favorable weather or within certain geographic limits. And the timetable is squishy at best.

Ben Geman, author of Generate
Jan 11, 2022 - Energy & Environment

Global race intensifies for EV raw materials

Illustration: Aïda Amer/Axios

A bunch of new developments highlights a wider trend: intensifying efforts by governments and corporations to secure key minerals needed for electric cars and other clean energy tech.

Driving the news: Tesla and Talon Metals announced a deal on Monday to supply the electric automaker with at least 75,000 metric tons of nickel concentrates from Talon's planned mine in Minnesota. The Star Tribune has details.

Supreme Court agrees to hear challenge to affirmative action at Harvard, UNC

Photo: Al Drago/Getty Images

The Supreme Court on Monday agreed to hear a pair of cases challenging the consideration of race in the college admissions processes.

Why it matters: The conservative high court's ruling could determine the future of affirmative action in higher education.