Famous Electric Vehicle Company Tesla Delivered 4,99,550 vehicles in 2020, But Missed Musk’s Target – Tech786

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

Tech786: 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

Tesla

Tesla
Tesla

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 shares jumped 700% in 1 year
Tesla shares jumped 700% in 1 year

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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