Tesla Set A Record Delivering 499,000 Cars In 2020

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Tesla Inc (TSLA) stock increased at the last trading session of the year on Thursday, up 743.4 percent in 2020, ending at a record peak of $705.67. An on Saturday, Tesla published a report on electric vehicle deliveries in the fourth quarter, which became another record and helped it to reach the forecast of half a million deliveries by 2020.

In the fourth quarter, the cumulative number of electric vehicles sold by to customers was 180,570, which is 29% more than the previous 3rd quarter record of 139,300 units and 61% more than in the same quarter of 2019. The average Wall Street prediction of analysts with a range of predictions between 151,000 and 180,000 was 174,000.

Tesla delivered a total of 179,757 electric vehicles in the fourth quarter alone.

Tesla delivered 499,550 vehicles for all of 2020, just below its repeated sales goal of 500,000 electric vehicles, but in line with the estimate of 477,750 to 514,500 announced earlier in the year at a shareholder meeting.

The company’s successes were lauded by critics, considering that these Tesla predictions were made before the coronavirus pandemic began.

This suggests that the company has succeeded in rising manufacturing capability, both at a plant in China and in setting up large-scale supplies, maintaining a high degree of logistics chain quality.

Tesla does not publish different distribution and production estimates by region in its releases, and also mixes Model 3 figures with Model Y and also that of Model S and Model X.

The number of Model 3 and Model Y produced at the end of the 4th quarter was 163,660 with deliveries of 161,650 units; Model S and X manufactured were a fraction of that with production of 16,097 units while delivering 18,920 units.

Tesla Inc (TSLA) produced 454,932 Model 3 and Model Y in 2020, shipping 442,511 vehicles whereas 54,805 Model S and Model X were manufactured and 57,039 were shipped.

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