Tesla (TSLA) achieves record 180,000 cars in the fourth quarter, barely surpassing 500,000 car target in 2020

Tesla released its delivery and production numbers for the fourth quarter of 2020 and the full year of 2020. They managed to deliver a record number of over 180,000 vehicles, but barely missed the target of delivering 500,000 vehicles in the whole year.

Tesla Q4 for delivery and production

Over the past few weeks, we have reported on Tesla trying to achieve what CEO Elon Musk referred to as,Historic landmark for the construction and delivery of 500,000 carsIn 2020.

It’s a goal that the CEO set 5 years ago.

In order to achieve this, Tesla needed to produce around 170,000 vehicles and deliver around 181,000 vehicles during the fourth quarter.

With production increasing in Gigafactory Shanghai, it looked as if Tesla would achieve the required production, but we were informed that Tesla was Within a thousand deliveries from its target in North America With one day remaining at the end of the quarter.

Tesla today released production and delivery numbers for the fourth quarter of 2020 and confirmed 179,757 production and delivery of 180,570 vehicles:

This is a new record for the automaker – surpassing the previous record by nearly 40,000 cars.

2020 Tesla production and delivery

Tesla announced that it will achieve “production and delivery of half a million vehicles” in 2020:

“In 2020, we produced and delivered half a million cars, in line with our latest directives. In addition, production of the Model Y has started in Shanghai, and deliveries are expected to start soon.”

Technically, they didn’t hit the delivery target of 450 vehicles, but it’s hard to blame them for declaring victory:

Take Electrek: Still a Triumph for Tesla

As we pointed out earlier this week when Tesla was nearing an achievement, it is a victory no matter what happens here.

On the production front, Tesla posted a 24% increase on the quarter and 71% year over year.

On the delivery front, Tesla posted an increase of 30% on the quarter and 61% year over year.

This is simply an amazing growth, especially for a product as complex as an electric vehicle.

For 2020 versus 2019 overall, Tesla deliveries grew 36% despite the global pandemic.

How many other automakers do you think they can say about their performance in 2020?

Now that this milestone is out of the way, I think it’d be nice if Tesla focused on more stable flow and vehicle delivery in order to avoid those crazy quarter-end bursts, which should also help with quality.

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