Tesla (NASDAQ: TSLA) announced Q4 2020 delivery and production data today, January 2. The California-based electric vehicle maker confirmed a record 180,570 deliveries, surpassing the expectations of most Wall Street analysts, and meeting its 2020 delivery targets despite the negative impact of COVID-19.
Due to the fact that 2020 was overshadowed by COVID-19 and its negative consequences, Tesla faced production stops for a total of two months. This significantly affected the planned production and delivery targets for 2020. However, the company rolled up its sleeves and made every effort to reach the goal of delivering 500,000 vehicles. This required Tesla to deliver about 181,000 vehicles in Q4, which is 40,000 more than it delivered in Q3. The company achieved great success, and delivered a record 180,570 in Q4 2020. Thus, the company delivered 499,550 vehicles in 2020.
"In 2020, we produced and delivered half a million vehicles, in line with our most recent guidance. In addition, Model Y production in Shanghai has begun, with deliveries expected to begin shortly."
Tesa also produced a record 179,757 vehicles in Q4 and 509,737 in 2020.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.