- 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
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 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.