 Tesla reported its results for the fourth quarter, generating $17.7B, a 65% growth YoY. Its automotive category made $15.9B, increasing by 71% YoY. More: - Tesla had a gross margin of 27.4% in Q4, up 813 bp YoY, and an operating margin of 14.7%, comprising a 940-basis-point YoY change.
- In 2021, the company generated $53.8B, representing a 71% YoY increase. Tesla had a gross margin of 25.3% for the year, up 426 bp from 2020.
- Total production rose 70% in Q4 to 305,840 units, of which 292,731 were Model 3/Y, while total deliveries increased 71% to 308,650.
- The number of supercharger stations grew by 36% YoY to 3,476 with 31,498 connectors.
- In 2021, Tesla installed 3,992 GWh of energy storage, a 32% YoY increase, of which 978 GWh were deployed in Q4. The company had 345 GW of solar installations for the year, a 68% YoY increase, of which 85 MW were deployed in Q4.
- The number of vehicles with FSD Beta went from ~2,000 in Q3 to approximately 60,000.
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 Tesla revealed its plans to extend capacity at the Fremont factory above 600,000 units per year from the current 500,000 for Model 3 and Model Y and 100,000 Model S and Model X. "Over a multi-year horizon, [Tesla] expects to achieve a 50% average annual growth in vehicle deliveries." More: - Tesla began equipment testing at the Berlin-Brandenburg factory toward the end of 2021, while it is finalizing the manufacturing permit from local authorities. On Giga Shanghai, the company stated that "local production is essential for reducing the cost per vehicle and improving the stability of the global supply chain."
- The company's Texas site is awaiting the final certification of its Austin-made Model Y, after which it plans to begin deliveries to customers. Cybertruck production is planned following that of the Model Y in Austin.
- Tesla does not plan to introduce new vehicle models this year to prevent a decrease in total output and further parts supply constraints; however, the company plans new tooling development to produce new vehicles starting in 2023. Elon Musk said during the Q4 earnings call that the most product development this year is on the Optimus human-like robot, which "has the potential to be more significant than the vehicle business over time."
- On the 4680 lithium battery cells, the company is building structural packs assembled into vehicles in Texas. The first deliveries with the new battery cells are expected this quarter.
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The Renault-Nissan-Mitsubishi Alliance revealed its roadmap, which includes a $25.6B investment within the next five years on the electrification of vehicles. The group aims to produce 35 new EV models by 2030. More: - The automakers plan to reduce battery costs by 50% in 2026 and 65% by 2028 through a planned 220 GWh production capacity.
- Nissan expects to mass-produce all-solid-state batteries by 2028, which the automaker estimates will reduce costs to $65 per kWh.
- The group plans to have 25 million cloud-connected vehicles by 2026, from the current 3 million cars.
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Electric vehicle battery recycling company Li-Cycle announced its results for Q4, including a revenue growth of 836% to $4.4M. In 2021, Li-Cycle generated $7.4M, increasing 831% YoY. More: - Li-Cycle's Rochester Hub has a processing capacity of 35,000 tons, the equivalent of 225,000 electric vehicle batteries.
- The company currently has 85 battery supply customer sources and produced approximately 1,900 tons of black mass in 2021, of which 800 were processed in the fourth quarter.
- Li-Cycle also announced a new battery recycling facility to be located at the Ultium Cells (the joint venture between GM and LG Energy Solution) plant in Warren, Ohio. The Spoke facility has a planned capacity of 5,000 tons of battery manufacturing scrap and battery materials per year.
Zoom Out: - In September, Li-Cycle announced a $100M through a convertible note from Koch Strategic Platforms.
- Li-Cycle also has partnerships with Renewance, an energy storage services company, and with Univar Solutions, a specialty chemical and ingredient distributor.
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 StoreDot revealed it has developed the technology to produce silicon-dominant EV batteries that maintain 80% capacity beyond 1,000 cycles, the point where performance generally deteriorates in lithium-ion batteries. The battery maintained 70% capacity at 1,700 cycles during testing. More: - StoreDot's tech would enable a 50% reduction in charging time at equivalent cost.
- The startup revealed in September a prototype of a 4680-format battery that was able to charge within 10 minutes. StoreDot expects to begin production by 2024.
Zoom Out: - In September, UC San Diego researchers backed by LG Energy made a silicon-based solid-state battery, which was able to meet 500 charging cycles with 80% capacity retention at room temperature.
- StoreDot plans solid-state batteries for production in 2028.
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Alaska Air Group reported a net income for 2021 of $478M, up from a net loss of $1.3B in 2020. In Q4, Alaska Air generated $18M, up from a loss of $447M in the fourth quarter of 2020. More: - In Q4, the airline reported an adjusted pre-tax margin of 2.4%, marking its second profitable quarter since the onset of the pandemic.
- Alaska repaid $112M in debt in Q4, to a total of $1.3B in 2021.
- The airline expects a 100% return to pre-pandemic demand levels by the summer of 2022.
- $ALK was up 0.59% for the day on Thursday afternoon.
Zoom Out: - Hawaiian Airlines reported a $92.6M loss for Q4, generating $70M more than the same period in 2020. In 2021, it had a net loss of $144.8M, increasing its earnings by $366.2M from 2020.
- Southwest announced a net income of $68M in Q4, up from $908M in the fourth quarter of 2020. The airline generated $977M in 2021, from a ~$3B loss the previous year.
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- NASA selected 12 companies to provide launch services for its Venture-Class Acquisition of Dedicated and Rideshare missions, including Astra, SpaceX, Virgin Orbit, and Rocket Lab.
- Boom has selected Greensboro, North Carolina, as the manufacturing site for its first supersonic plane.
- Overair began testing a full-scale propulsion system for its upcoming eVTOL.
- The International Air Transport Association reported cargo volume increased 6.9% in 2021.
- Volkswagen Group Logistics joined the Ship Recycling Transparency Initiative.
- Tunisia plans to double its sales of auto components to $4.7B by 2027.
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 |  | Written and curated by Nicolas Saravia, an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped start-ups. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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