Even as competition intensifies, Tesla is still leaving rivals in the dust

THE electric vehicle (EV) space is getting increasingly crowded, with everyone from the legacy automakers to the likes of Rivian looking to eat Tesla's lunch.

But as a Tesla shareholder, I'm not worried. And here's why.

Despite global chip shortages, Tesla blew analysts' estimates for Q4 2021 out of the water by delivering a record 308,600 vehicles. That easily surpassed analysts' average forecast of about 263,000 vehicles, and also represents a whopping 70 per cent year-on-year and nearly 30 per cent quarter-on-quarter increase. It also bodes well for its Q4 2021 earnings report card, which is likely to be released later in January and could result in more analyst upgrades.