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Electric carmaker Tesla delivered 499,550 vehicles in 2020. The company has nearly reached the 500,000 target set by founder Elon Musk, Tesla said in a press release.
The company’s annual shipments were up 36% compared to 2019. Tesla delivered a record 180,570 vehicles in the fourth quarter of 2020. This beat Wall Street’s expectations of 174,000 electric vehicles.
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Tesla was at full capacity at the end of 2020, according to FT. Sales increased by increasing production at a new plant in Shanghai and the launch of the new Model Y crossover.
“I am very proud of the Tesla team for reaching this important milestone! At the beginning of Tesla, I thought we had a 10% chance of survival (optimistic).” reacted on the performance of the company Elon Musk on Twitter.
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- Musk November 3 wrote on Twitter that when the Model 3 went into production, Tesla was a month away from bankruptcy. He added that the Model 3 was “extreme stress and pain” from mid-2017 to mid-2019.
- Since 2017, Tesla’s capitalization has grown 1400% and is $ 606.98 billion.
- In the third quarter of 2018, for the first time in two years, Tesla made a profit ($ 245.6 million).
- On December 21, Tesla was included in the S&P 500. Then, its shares fell 6.4% and Musk’s fortune fell by $ 8.8 billion.
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