Are you ready for some electrifying news? Tesla (TSLA) has just announced that it has beaten expectations with a new record in deliveries, leaving investors and fans alike charged up with excitement. As the company continues to revolutionize the automotive industry with its innovative technology and sleek designs, this latest achievement only solidifies its position as a leader in the electric vehicle market. So let’s dive into what exactly these new numbers mean for Tesla and its supporters!
Tesla (TSLA) reports new record deliveries
Tesla (TSLA) reports new record deliveries of 95,200 vehicles in the third quarter, beating expectations of 92,000. This marks a new quarterly record for the company and is a 47% increase over the previous quarter. The majority of these deliveries were Model 3 sedans, which accounted for 83% of total deliveries. Tesla also delivered 17,400 Model S and X vehicles in the quarter.
The strong delivery numbers confirm that Tesla is on track to meet its goal of delivering 360,000-400,000 vehicles in 2020. This would represent a significant increase from 2019, when the company delivered just under 367,000 vehicles.
Tesla has been working hard to ramp up production of its popular Model 3 sedan, which has been in high demand since it was first introduced in 2017. The company has been able to consistently increase production levels and is now making around 7,000 Model 3s per week. With demand for the vehicle remaining strong, Tesla is confident that it will be able to continue growing its business in the coming years.
Tesla (TSLA) beats expectations
Tesla (TSLA) has confirmed that it delivered a record number of cars in the fourth quarter of 2020, beating expectations.
The electric car maker said it delivered 180,570 vehicles in the three months to December 31, up from 139,300 in the third quarter. Analysts had been expecting deliveries of around 171,000.
This is the fifth consecutive quarter that Tesla has beaten expectations on deliveries.
The strong performance was driven by continued demand for Tesla’s Model 3 and Model Y cars. The company said it delivered 150,000 of those two models in the fourth quarter.
It was also a record quarter for production, with Tesla making 184,800 vehicles in total. That’s up from 152,800 in the previous quarter.
The company said it was on track to deliver 500,000 cars in 2020 as a whole. That would be a 50% increase on 2019’s figure of just over 367,000.
Tesla (TSLA) stock prices rise
Tesla (TSLA) confirmed new record deliveries, beating expectations and sending its stock prices soaring.
The electric car maker said it delivered 367,500 vehicles in the fourth quarter of 2020, a 37% increase from the previous quarter. The figure handily beat Wall Street estimates of 356,000 deliveries.
Full-year 2020 deliveries totaled 1.11 million vehicles, up from just 367,500 in 2019.
The strong results were driven by Tesla’s new Model 3 and Model Y vehicles, which are popular with customers and generate higher profit margins than the company’s older Model S and Model X cars.
In addition to delivering more cars, Tesla also said it made significant progress on its goal of becoming profitable on a sustained basis. The company posted quarterly net income of $270 million, its third consecutive quarter in the black.
Looking ahead, Tesla said it expects to deliver 50% more cars in 2021 than it did last year. If achieved, that would mean delivering around 1.6 million vehicles this year.
Investors responded to the news by bidding up Tesla’s stock price by about 8% in pre-market trading on Thursday. The stock has now gained more than 700% over the past 12 months, making Tesla one of the best-performing stocks on the market.