Zayed Rehman·

Tesla Proud Of Delivering 500,000 Units To Owners In 2020

Tesla has announced that ending 2020, the company was able to deliver exactly 499,500 units, which happened to be 99.91% of its 500,000 target.

In a press release, the company has outlined the number units it produced for the Model S/Z, and 3/Y each. Speaking about the new Shanghai plant in China, Tesla says that Model Y production has finally begun, and deliveries are expected to begin shortly.

Tesla says it produced 54,805 units of the Model S/X and delivered 57,039 units to their owners. As for the Model 3/Y, 454,932 units rolled out the production lines, with Tesla delivering 442,511 units.

The interesting bits are the numbers churned out in Q4 2020 where Tesla saw a total production of 179,757 units with deliveries of 180,570 units, of which 18,920 deliveries were for the Model S/X, while 161,650 Model 3/Y units saw new homes.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q4 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more

At the start of the year, Tesla had expected to comfortable exceed the 500,000 units target, but then the coronavirus pandemic put a brake on those plans with it also having to close its Chinese factory, and it’s factory in Fremont, California as well.

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