$Tesla (TSLA.US)$ delivered 308,000 vehicles during the qua...

$Tesla (TSLA.US)$ delivered 308,000 vehicles during the quarter. Deliveries in 2021 jumped to 936,172, up 83% from a year ago.

$Tesla (TSLA.US)$ bears make the argument that it is only a matter of time before the real automakers got into the EV business, and when that occurs they will dominate EV sales. Legacy automakers hold scale advantages with parts suppliers, and this was supposed to translate into market share gains. Except it has not worked out that way.

$Tesla (TSLA.US)$ is vertically integrated. It makes the sheet metal, the battery packs and the software for its EVs. Its advantage, apart from having a huge backlog of actual customer orders, is having fewer parts suppliers and vendors.

This upper hand was on full display during 2021 when legacy automakers all over the world struggled under the weight of a semiconductor chip shortage. $Tesla (TSLA.US)$ sales skyrocketed.