Tesla delivered a record 936,172 vehicles throughout 2021, a massive 87 per cent increase compared to 2020 when it delivered 499,647 vehicles.

Figures released by the automaker confirm that throughout 2021, it produced 24,390 Model S and Model X vehicles and delivered 24,964. Production of the Model 3 and Model Y peaked at 906,032 with 911,208 examples reaching the hands of customers before the end of the year.

The fourth quarter proved to be particularly fruitful for Tesla with it producing 305,840 vehicles and delivering 308,600 cars to customers, easily eclipsing third-quarter delivery numbers of 241,300 which was the company’s previous best quarter.

Also: 2023 Tesla Model 2: Everything We Know About The EV Brand’s $25,000 Compact Car

Like most other car manufacturers, Tesla was impacted by the semiconductor shortage but it was able to significantly boost production thanks in part to its Shanghai factory and by making technical changes to the Model 3 and Model Y built in California, including removing their radar sensors.

Tesla production can be expected to increase further throughout 2022 with both its factories in Texas and Germany starting to produce the Model Y SUV. The site in Texas is expected to start volume production of the Cybertruck in 2023, CNBC notes.

While Tesla still needs to start building the Cybertruck, Semi, and Roadster, it is already working on a new model to slot below the Model 3. Technical specifications about this vehicle are unknown but the company claims it will cost around $25,000, easily undercutting the Model 3 and Model Y.