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US electric vehicle maker Tesla missed its 2020 goal of producing 500,000 electric cars, leaving 499,550 units manufactured, according to the Bloomberg news agency. Even so, Tesla broke a record for electric cars produced in the fourth quarter of 2020, delivering 180,570 electric vehicles in the final three months of the year, surpassing its previous record of 139,300 vehicles for the third quarter of 2020, Bloomberg said. .
The Palo Alto, California-based manufacturer said in a statement that the count of electric vehicles it delivered in 2020 is “a bit conservative,” explaining that “final numbers may vary by as much as 0.5% or more.” .
The number of cars it has made in each quarter of 2020 is widely viewed as a barometer of demand for Tesla vehicles and consumer interest in electric vehicles around the world. The 2020 result translates into an extraordinary year for Tesla CEO Elon Musk as his brand entered the Standard & Poor’s 500 Index on December 21, after posting gains for five consecutive quarters. Tesla shares rose 743% last year, Bloomberg said.
However, Tesla had published forecasts in January 2020, before the start of the Covid-19 pandemic, that it would “comfortably exceed” half a million electric vehicles produced in 2020. In October, Tesla still hoped to achieve that goal, despite the temporary closure of its factories in spring.
Analysts also predicted that Tesla would hit its 2020 sales target, further boosting the company’s shares in the final days of 2020. Tesla’s valuation rose to 669 billion (about € 547.5 billion). ), a leader in the automotive industry.
For all intents and purposes, Tesla exceeded the limit of 180,000 electric vehicles it needed to deliver in the fourth quarter, jumping 30% over the July-September period, which was achieved with the help of increased production from its factory. China and the largest production in the US of its latest model, the Model Y. But Tesla also announced that it will begin production of the Model Y in Shanghai, which will soon begin delivery.
Despite Tesla’s growth in the last eight years, the size of the Californian brand is still equivalent to the production of a small brand like Isuzu, despite its market value corresponding to that of ten producers in the sector that manufacture more than 50 million of vehicles annually. On the other hand, Tesla’s margins are more crushed as its production in China increases.
In the electric vehicle segment, Tesla is the world market leader, but its vehicle deliveries are minimal compared to the millions of cars and heavy-duty combustion engine vehicles sold by giants General Motors and Volkswagen, which, during Over the next five years, they are ready to put dozens of new battery-powered models on the global Electric Vehicle market.
Tesla is in the process of building two new vehicle assembly units: one in the European Union, in Berlin, which could eventually make up to 500,000 cars a year, and another in the United States, in Austin, Texas, which will produce the first. collect branded. Both are due to start production later this year, joining existing vehicle assembly facilities in Fremont, California and Shanghai. In September, Elon Musk announced that he plans to start selling a cheaper Tesla, with prices on the order of $ 25,000 (about $ 20,400). euros).
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