Tesla's Q4 Deliveries Soar
When Tesla (NASDAQ: TSLA) first started 2020, the electric car company told investors it expected to deliver 500,000 vehicles or more this year. Of course, this guidance came before Tesla knew a global pandemic would hit -- one that would lead to a pause in production at its factories and weakened demand around the world for new cars. As Tesla faced these challenging times earlier this year, management pulled its forecast for half a million deliveries.
Yet here we are at the end of 2020, and Tesla is announcing that it basically achieved its initial pre-pandemic target. The company delivered 499,550 vehicles in 2020, up from about 368,000 in 2019.
Model S, X, 3, and Y. Image source: Tesla.
Source Fool.com
