Tesla delivered a record 500,000 vehicles in 2020
Tesla needs to expand rapidly to justify its $600 billion market capitalization. …
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Tesla smashed previous production and delivery records in the fourth quarter of 2020, shipping more than 180,000 vehicles to customers over the last three months. That’s 30 percent higher than Tesla’s Q3 deliveries, which itself was a record figure for the company.
For 2020 as a whole, Tesla delivered 499,550 vehicles to customers. This is 36 percent higher than the 367,500 vehicles Tesla delivered to customers in 2019.
Tesla didn’t quite hit the company’s self-imposed target of half a million deliveries for the year. But the miss is literally a rounding error and Tesla’s 2020 performance is still pretty impressive. The pandemic made 2020 an unusually challenging year for the auto industry. Tesla’s Fremont factory—like those of most competitors in the US—was closed between late March and mid-May.
We can expect Tesla to deliver many more vehicles in 2021. At its Q4 rate of 180,000 vehicles per quarter, Tesla should be able to ship more than 720,000 vehicles from its Fremont and Shanghai factories in 2021. On top of that, Tesla is aiming to bring new factories online in Texas and Germany in 2021. While it might not be feasible for Tesla to produce a million vehicles in 2021, it should be easily in reach for 2022. Elon Musk has said he aims to have Tesla producing 20 million
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