(Reuters) – Tesla Inc said on Sunday it had delivered a record 308,600 electric cars to customers in the fourth quarter of 2021 well above Wall Street estimates, thanks to a production ramp up at the electric-car maker’s Shanghai factory.

Analysts had expected Tesla to deliver 263,026 vehicles, according to Refinitiv data.

(Reporting by Sneha Bhowmik and Nivedita Balu in Bengaluru; Editing by Daniel Wallis)