Tesla achieved half million cars target

GNN  |  Jan 04, 2021

In a first for Tesla, the electric car manufacturers achieved its 2020 target of building half a million vehicles.

The number of delivered vehicles fell slightly short of target, at 499,550 automobiles sent to customers. Overall, production and delivery both rose by a third as compared to 2019 figures.

The impressive figures came about despite the Covid related closure of Tesla's main factory in Fremont, California, for almost two months during the lockdown. Its new plant in Shanghai, which opened in 2019, helped the company achieve its targets.

Elon Musk had made it clear in October that his brand was on target to achieve its half million goal however Wall Street remained skeptical, estimating that the numbers could fall short by as much 9000 cars.

Tesla has set itself more ambitious goals for 2021, with plants under construction in Texas and Germany while sales will be opened in India.

Other auto manufacturers are supposed to report 2020 figures in the coming week, although most are expected to post drops following lockdowns and economic recession the world over. 

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