Tesla 2020 deliveries beat estimates, but fall just short of Musk's target


FILE PHOTO: CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York, June 29, 2010. REUTERS/Brendan McDermid/File Photo

(Reuters) - Tesla Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry.

The company delivered 499,550 vehicles during 2020, above Wall Street estimates of 481,261 vehicles, according to Refinitiv data - but 450 units shy of CEO Elon Musk's target.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Amazon’s Jeff Bezos, Andy Jassy deleted chats amid FTC antitrust probe
Samsung faces Pakistan smartphone shortage after winning debut
Athletic director used AI to frame principal with racist remarks in fake audio clip, US police say
US reinstates open Internet rules rescinded under Trump
L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions
Microsoft results top Wall Street targets, driven by AI investment
Health conglomerate Kaiser notifies millions of a data breach
Google parent announces first-ever dividend; beats on sales, profit; shares soar
Intel forecast misses estimates; shares tumble
T-Mobile raises forecast for subscriber additions on strength from bundled plans

Others Also Read