Tesla, Inc. (NASDAQ:TSLA) shares were trading more than 10% higher Monday morning following the company’s reported Q4 deliveries, which were substantially higher than the Street expectations. The company’s quarterly deliveries were 308,600 units, compared to the consensus estimate of 265,000 units.

Total production in Q4 was 305,840 units, which is impressive given the chip shortage being a major overhang on the auto industry and the issues of global logistical. The company continues to cope with the semis shortages better than the rest of the companies in the auto space.