WASHINGTON: Tesla said Sunday it delivered nearly one million vehicles in 2021, almost twice as many as in the previous year, results that were better than expected despite global supply challenges.
The US electric carmaker delivered more than 936,000 cars of all models in 2021, an increase of 87 percent over the previous year, the company said in a statement.
Tesla had announced last January that it was aiming to increase deliveries by 50 percent per year over several years, so Sunday’s results far exceeded that goal.
The group, which recently moved its headquarters from Palo Alto, California to Austin, Texas, sold 911,208 Model 3 and Model Y vehicles as well as 24,964 vehicles of its luxury S and X models (at a price of $90,000 and $100,000 respectively).
In the fourth quarter alone, Tesla delivered 308,600 cars.
Tesla has managed to overcome global logistics issues that have plagued the auto industry.
Its chief Elon Musk previously said he was able to get around much of the semiconductor shortage by using new chip designs and rewriting software.
Tesla got another boost in October when it received an order for 100,000 electric vehicles from the rental company Hertz, to be completed by 2022.
This announcement brought the automaker into the very select club of companies worth more than $1 trillion on the stock market.
Tesla, however, finds itself under scrutiny from the NHTSA auto regulator, which is probing its autopilot system over safety concerns.
The automaker has also agreed to update its software to prevent drivers from playing video games on the car’s system while the vehicle is in motion, following a government safety investigation.
Tesla delivers almost 1 million cars globally
https://arab.news/b7s52
Tesla delivers almost 1 million cars globally
- Tesla has managed to overcome global logistics issues that have plagued the auto industry
Saudi POS spending jumps 28% in final week of Jan: SAMA
RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors.
POS transactions reached SR16 billion ($4.27 billion) in the week ending Jan. 31, up 27.8 percent week on week, according to the Saudi Central Bank. Transaction volumes rose 16.5 percent to 248.8 million, reflecting stronger retail and service activity.
Spending on jewelry saw the biggest uptick at 55.5 percent to SR613.69 million, followed by laundry services which saw a 44.4 percent increase to SR62.83 million.
Expenditure on personal care rose 29.1 percent, while outlays on books and stationery increased 5.1 percent. Hotel spending climbed 7.4 percent to SR377.1 million.
Further gains were recorded across other categories. Spending in pharmacies and medical supplies rose 33.4 percent to SR259.19 million, while medical services increased 13.7 percent to SR515.44 million.
Food and beverage spending surged 38.6 percent to SR2.6 billion, accounting for the largest share of total POS value. Restaurants and cafes followed with a 20.4 percent increase to SR1.81 billion. Apparel and clothing spending rose 35.4 percent to SR1.33 billion, representing the third-largest share during the week.
The Kingdom’s key urban centers mirrored the national surge. Riyadh, which accounted for the largest share of total POS spending, saw a 22 percent rise to SR5.44 billion from SR4.46 billion the previous week. The number of transactions in the capital reached 78.6 million, up 13.8 percent week on week.
In Jeddah, transaction values increased 23.7 percent to SR2.16 billion, while Dammam reported a 22.2 percent rise to SR783.06 million.
POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia.
The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives.
The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.
