Tesla (TSLA) Produces 509,737 Vehicles in 2020, Delivers 499,500
Tesla (NASDAQ: TSLA) announced that in 2020, they produced and delivered half a million vehicles, in line with their most recent guidance. In addition, Model Y production in Shanghai has begun, with deliveries expected to begin shortly.
| Q4 2020 | ||||
| Production | Deliveries | Subject to operating lease accounting | ||
| Model S/X | 16,097 | 18,920 | 11% | |
| Model 3/Y | 163,660 | 161,650 | 7% | |
| Total | 179,757 | 180,570 | 8% | |
| 2020 | ||
| Production | Deliveries | |
| Model S/X | 54,805 | 57,039 |
| Model 3/Y | 454,932 | 442,511 |
| Total | 509,737 | 499,550 |
Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve another great year.
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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. 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.