Tesla Stock Surges Over Record Q4 and 2021 Deliveries

Following Tesla’s release of its blockbuster Q4 and FY 2021 vehicle production and delivery report, the electric car maker’s stock surged as much as 11% today to reach $1.18 trillion, Tesla North is reporting.

Tesla supercharging hero

The company delivered over 936,000 units in 2021, with 308,600 vehicles alone sold in Q4. This has caused a number of Wall Street analysts to increase their price targets on Tesla going into the new year.

Among the analysts that raised their Tesla price targets were Jefferies analyst Philippe Houchois, RBC Capital analyst Joseph Spak, Deutsche Bank analyst Emmanuel Rosner and the investing firm KGI.

  • Deutsche Bank: raised price target to $1,200 (from $1,000), maintained Buy rating
  • Jefferies: raised price target to $1,400, maintained a Buy rating
  • KGI: raised price target to $1,480 (from $1,000), maintained Outperform rating
  • RBC Capital: raised price target to $1,005 (from $950), maintained a Sector Perform rating

Deliveries of Tesla’s flagship Model S sedan and Model X SUV represented just under 3% of Tesla’s total deliveries in 2021, as the company slowly produces its latest refreshed version of these latter models.

Meanwhile, Model 3 and Model Y deliveries amounted to 296,850 in the final quarter of 2021, and 911,208 for the full year, led by a production boost from Tesla’s Gigafactory in Shanghai, its main export hub for sending cars to Europe.

At the time of writing on Monday, Tesla’s shares were trading for $1,178.55 (+$121.51) per share, up 11.50% from the market open.