Expect more sales from new markets: Tesla delivered a record 4,99,550 electric vehicles in 2020, despite the company missing the target of Musk

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  • Hindi news
  • Business
  • Tesla 2020 Deliveries Beat Estimates, But Fall Just Short Of Musk’s Target

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new Delhi6 days ago

  • Elon Musk set delivery target of 5 lakh vehicles in 2020
  • 1,81,650 vehicles delivered in October-December quarter

The American giant electric vehicle company Tesla has delivered 4,99,550 vehicles in the calendar year 2020. However, the company missed the target of its founder, Elon Musk. Elon Musk set a delivery target of 5 lakh vehicles in 2020 before the Corona epidemic. Tesla gave this information on Saturday.

Delivery of 3,18,000 vehicles in first 9 months

According to a statement issued by Tesla, the company delivered 3,18,000 vehicles globally in the first 9 months of 2020. Out of this, 1,39,300 vehicles were delivered in the third quarter. According to the company, 1,81,650 vehicles were delivered during the fourth quarter of 2020 (October-December).

Musk congratulated employees

Elon Musk congratulated the company’s employees via social media on approaching the goal. Elon Musk said in the post that initially I was only hopeful of 10% survival. Despite negative trends in the auto industry and disrupting the global supply chain, supporters have congratulated Musk on approaching the target.

Tesla shares jumped 700% in 1 year

During the Corona period, companies in all sectors, except IT and FCMG, have suffered losses. Despite this, Tesla shares have risen by more than 700% in the US stock market S&P 500 index. The company has been making profits since the last 5 quarters.

Expect better response from new markets

Tesla expects better response from new markets like Europe and Asia in the future. Tesla has recently started delivery from a plant in Shanghai, China. This is Tesla’s only manufacturing plant outside California, USA. Model Y cars are produced in this plant. The company is also planning to deliver electric vehicles to India from June this year.

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