Tesla revealed on Sunday that it had managed to deliver a total of 308,600 electric vehicles to customers during its fourth quarter last year. The deliveries set a new record for the company, beating its previous single-quarter delivery record of 241,300 units that was set in Q3 2021.

Elon Musk's electric vehicle company delivered a total of 936,172 vehicles for the entire year last year. This represented a massive 87% increase over its delivery in the previous year of only 499,647 units.

The number of units delivered in Tesla's latest quarter and for the entire year beat average analysts' expectations. Analysts expected Tesla to deliver around 267,000 units for its fourth quarter and 897,000 for the entire year last year.

Tesla mixes delivery data for its higher-priced Model S and X vehicles and lower-priced Model 3 and Y vehicles. The EV manufacturer does not break out its sales or production figures by region.

In 2021, deliveries of Tesla's premium Model S sedan and Model X falcon wing SUV accounted for only about 3% of the company's total deliveries. Model 3 and Model Y deliveries rose to 296,850 in the last quarter of 2021 and 911,208 for the whole year. Tesla builds Model 3 and Model Y automobiles in its facility in Shanghai and in Fremont, California, but exclusively produces the Model X and S in the U.S.

While most of the automotive industry has struggled amid the ongoing global chip shortage, Tesla has managed to shrug off the issue. At last year's annual shareholder's meeting, Musk acknowledged that the chip shortage would be a difficult challenge to overcome.

Despite the obstacles, Tesla was able to increase its vehicle deliveries by significantly ramping up its vehicle production overseas - particularly in its Gigafactory in China. Tesla also made some technical changes to some of its vehicles parts to adapt to the lack of supply. In May, Tesla swapped the radar sensors for its Model 3 and Y models with camera-based systems.

Musk previously announced that he aims to expand Tesla's car sales volume to 20 million yearly over the next nine years. Tesla plans to begin production of the Model Y crossover this year at its new facility in Austin, Texas, in order to meet the growing demand. Tesla is also busy planning the construction of its new manufacturing in Brandenburg, Germany.

The company's headquarters were recently relocated to Texas. The CEO disclosed the idea in October, and Tesla made it public in early December. The facility in Texas is a $10 billion investment, which is expected to create at least 20,000 new jobs across the state.