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 companys initial public offering at the NASDAQ market in New York June 29 2010. REUTERSBrendan McDermidFile Photo

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.

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