Tesla 499,550 vehicles were delivered in 2020, an increase of 36% over the previous year and just a few dozen short of hitting a historic and long-awaited milestone that CEO Elon Musk has held for more than five years. Are aiming
Tesla It was reported on Saturday that it produced 509,737 electric vehicles in 2020.
Tesla was able to reach the 500,000-vehicle target by combining production and sales in the fourth quarter – a final push that has mirrored several other quarterly efforts by the company. Tesla delivered 180,570 deliveries in the fourth quarter, setting a new quarterly record and 30% more than the previous quarter.
The company’s production and sales figures were also launched by Model Y, its mid-size SUV, and a new factory coming online in China.
The fourth quarter and yearly data showed an increase in demand for its more affordable and newer models and interest in its flagship Model S sedan and Model X SUV. The company delivered 18,920 Model S and Model X vehicles in the fourth quarter and 57,039 for the year. Model 3 and Model Y sales hit approximately 162,000 in the fourth quarter and 442,511 for the year. Tesla does not break sales figures for each model, instead adding its older vehicles in one bucket and its new Model 3 and Model Y vehicles in the other. The company also does not provide regional sales figures.
The production and sale of more than 500,000 vehicles a year ago was inaccessible to Tesla. But Musk noted in 2015 that the company was confident that Tesla would produce half a million cars in 2020.
Musk said at the time, “Five years from now.” “If you go five years in the past for Tesla, we were producing 600 cars per year – now we can produce 600 cars in three days. So I think it is a very small jump from 500,000 cars a year. “
Musk has reiterated that goal from time to time, including in January of last year when he noted that deliveries should comfortably exceed 500,000 units. Tesla did not adjust to that forecast, even as the COVID-19 epidemic kept the economy and forced the company to temporarily stop production for several weeks last spring, along with every other automaker.