Tesla Inc.’s shares were set to open this year at their highest in about a month after reporting stronger-than-expected quarterly deliveries of its electric cars, allaying fears of supply chain woes that other automakers have struggled with. Shares of the world’s most valuable carmaker were up about 7 percent at $1,126.5 in premarket trading. “Q4 2021 production results should bolster 2022 expectations but we believe ultimately the pace of capacity expansion (Germany, Texas) will be the larger determinants,” said Joseph Spak, an analyst at RBC Capital Markets. Spak revised his quarterly revenue estimate, bumping it up by $2.3 billion. J.P. Morgan raised its profit estimates. Tesla delivered 308,600 vehicles in the fourth quarter, higher than analysts’ forecasts of 263,026 vehicles. The company, like others, faces component shortages, as a global logistic crunch and factory closures due to the pandemic limited supply. But Tesla managed to overcome much of the problems …
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