Tesla produced more than half a million vehicles in 2020

New York, Jan 2 (efe-epa).- Electric car manufacturer Tesla said Saturday that it produced more than half a million vehicles during 2020, a new milestone for the company achieved in the times of the pandemic.

The company delivered 499,550 vehicles during the year, which is 36 percent more than in 2019. The delivery figure is slightly less than CEO Elon Musk’s target of 500,000.

“So proud of the Tesla team for achieving this major milestone! At the start of Tesla, I thought we had (optimistically) a 10 percent chance of surviving at all,” Musk tweeted.

According to the figures detailed in a Tesla statement, the company said it produced 509,737 vehicles in 2020, a 40 percent increase from 2019.

The statement said the company delivered 180,570 in the last quarter of 2020, which is a new record for the company and exceeds Wall Street expectations.

Specifically, in the last quarter of 2020, Tesla delivered 161,650 units of the Model 3 and Model Y and produced 163,660 units of the models. During the period, it has delivered 18,920 of the Model S and Model X and produced 16,097 of them.

For the full year, the company has delivered 442,511 of the Model 3 and Model Y and produced 454,932 of them, while it has sold 57,039 of the Model S and Model X and produced 54,805 units.

Throughout 2020, Tesla has been able to increase its vehicle production and delivery, thanks to its new Shanghai plant, while also using new battery cell suppliers to make higher voltage batteries.

Last year in September, Musk said the company would “probably” produce 20 million electric vehicles a year before 2030 with “consistently excellent execution.”

The figure is more than 50 times the 365,000 vehicles it produced in 2019. EFE-EPA

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