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Tesla Reports 499,550 vehicle sales deliveries in year of 2020 2021-02-05

Tesla said Saturday that it delivered 180,570 electric vehicles in the fourth quarter, beating its previous record as well as Wall Street expectations. The electric automaker produced 179,757 vehicles total.


For the year, Tesla delivered 499,550 vehicles in 2020, slightly missing its most recent guidance of 500,000 vehicles.


At an annual shareholder meeting earlier this year, CEO Elon Musk told shareholders he expected deliveries to hit an implied range between 477,750 and 514,500 cars for 2020, despite the impacts of the coronavirus pandemic.


The Q4 numbers represent a new record for Musk’s auto business, which set its previous best in the third quarter of 2020 with deliveries reaching 139,300 then.


As of Thursday, Wall Street expected Tesla to report fourth-quarter deliveries of 174,000 vehicles over the last three months, according to a consensus of analysts surveyed by FactSet. Estimates ranged from 151,000 at the low end to 184,000 at the high end, and included forecasts published between October and mid-December.


In the fourth quarter, Tesla delivered 161,650 Model 3 and Model Y cars and produced 163,660 such vehicles. The automaker also delivered 18,920 Model S and X vehicles and produced 16,097 of them.


For the year, Tesla delivered 442,511 Model 3 and Model Y cars, while producing 454,932 of the vehicles. It delivered 57,039 Model S and Model X cars, while producing 54,805 such vehicles.


In its quarterly reports, Tesla does not break out delivery and production numbers by region. Tesla also combines delivery numbers for its older Model S and Model X electric cars, and newer, more popular Model 3 and Model Y vehicles.


Tesla's financial report also shows that China's market will perform well in 2020, driving the growth of Tesla's overall performance with pure increment. According to the data, in 2020 and 2020q4, Tesla's sales in the Chinese market were 137500 and 57600 respectively. In the same period, the sales volume in China accounted for 31% and 36% of Tesla's global sales volume, contributing nearly 97% and 83% respectively.


On the other hand, Tesla has reserved exclusive models for Chinese and European markets. Based on the information of all parties, the routing agency believes that Tesla's exclusive model for the Chinese market is likely to be a small SUV, while the exclusive model for the European market is likely to be a crossover vehicle, that is, model 2, which has long been rumored.


However, there are two questions to be answered. One is whether model 3 and model y can complete the set sales task and maximize their market share before model 2 arrives. Second, whether the new models in the European market can completely solve the adaptability problem of localization, and avoid the recurrence of similar problems such as model 3 models not adapting to European streets.

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