Tesla Produced and Delivered a Half Million Cars in 2020

In 2020, Tesla produced and delivered half a million vehicles. In addition, Model Y production in Shanghai has begun, with deliveries expected to begin shortly. The 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. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

Historically, Tesla has 200-300 more cars in their final delivery count.

There are reports that there were over 100,000 orders for Model Y in China in the first 10 hours that they were made available on the Tesla China website.

On January 1, Tesla prices for the China-made Model Y were reduced. This led to an explosion of orders and rapidly went past 100,000 units.

Model Y Long Range is priced at RMB 339,900 ($51,890) instead of the old price RMB 488,000 ($68,580). Model Y Performance now costs RMB 369,900 ($56,482) instead of RMB 535,000 ($75,185).

Tesla stated in 2014, that they would produce 500,000 cars in 2020. This goal was achieved despite the pandemic in 2020.

Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)