BELOW SUPERNAV drop zone ⇩

Tesla 2020 deliveries beat estimates but fall short of Musk’s target

FILE- In this Nov. 8, 2020, file photo, an unsold 2021 S70 sedan sits at a Tesla dealership in Littleton, Colo. Tesla will join the S&P 500 on Monday, Dec. 21, 2020, after a streak of profitable quarters helped push its stock price up over 700% this year. (AP Photo/David Zalubowski, File)

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

PALO ALTO, Calif. (AP) — Tesla’s annual sales rose 36%, but the electric car company came short of its annual goal to deliver 500,000 vehicles.

The company said Saturday that it delivered 499,500 for the year, including 180,570 SUVs and sedans for the October through December period.

CEO Elon Musk set a goal of delivering 500,000 vehicles in 2020 before the coronavirus pandemic hit, and Tesla stuck to that goal even though the virus forced its only U.S. assembly plant to close for several weeks in the spring.

In the first nine months of the year, Tesla reported that it delivered just over 318,000 vehicles worldwide, including a record 139,300 in the third quarter. To reach a half million, Tesla would have had to shatter the record and deliver 181,650 vehicles from October through December.

Musk sent an email to employees in December urging them to increase production for the rest of the quarter as much as possible, writing that Tesla has a “high-class problem” of demand being above what its factories can produce. But later the company told workers at the Fremont, California, plant that the Model S and X production lines would be shut down from Dec. 24 until Jan. 11, meaning most of the demand was for the Model 3 small car and Model Y small SUV.

It appeared the company was getting close to 500,000 but needed a boost to make the number. On Tuesday, Musk tried to juice sales, tweeting that all Tesla cars delivered during the last three days of the year would get three months of the company’s “full self-driving” option for free. It costs $10,000 to buy the self-driving option. Currently selected customers are testing the self-driving software on public roads but are still responsible for driving the vehicles, which Tesla has said cannot drive themselves. Critics have said Tesla does not have the proper sensors to safely deploy fully self-driving vehicles.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

56°F Clear Feels like 56°
Wind
1 mph ENE
Humidity
57%
Sunrise
Sunset

Tonight

A clear sky. Low around 50F. Winds light and variable.
50°F A clear sky. Low around 50F. Winds light and variable.
Wind
2 mph NNE
Precip
1%
Sunset
Moon Phase
Waxing Gibbous