Tesla Delivered 499,550 Vehicles In 2020, Misses Target Slightly

The United States based electric vehicle maker Tesla delivered 180,570 electric vehicles in the fourth quarter which was more than its previous record of deliveries as well as the estimates of analysts, the company said on Saturday.

In total the electric automaker manufactured 179,757 vehicles in the year.

A total of 499,550 vehicles were delivered by the company in 2020 which was slightly lower than its latest guidance of delivering 500,000 vehicles for the entire od 2020.

Despite the impacts of the coronavirus pandemic, the company expects to be able to deliver an implied range between 477,750 and 514,500 cars, Tesla CEO Elon Musk told investors at an annual shareholder meeting earlier this year.

The fourth quarter numbers are also a new record for Tesla which reported its previous best third quarter of 2020 with deliveries reaching 139,300 vehicles.

According to estimates of Wall Street analysts, Tesla was expected to deliveries of 174,000 vehicles over the last three months of the year. Estimates ranged from 151,000 at the low end to 184,000 at the high end, and included forecasts published between October and mid-December.

161,650 Model 3 and Model Y cars were delivered by the company in the fourth quarter while it manufactured 163,660 of the vehicle sin the same period. 18,920 Model S and X vehicles were also delivered by the company while 16,097 of them were produced by Tesla in the same quarter.

For the entire year, 454,932,511 Model 3 and Model Y cars were manufactured by Tesla while it managed to deliver 442,511 of the models. In the same period, a total of  54,805 Model S and Model X cars were produced by the company while delivering 57,039 of the vehicles.

Delivery and production numbers by region is not broken down by Tesla in its quarterly reports. The company also reports combined delivery numbers for its older Model S and Model X electric cars as well as its newer and more popular Model 3 and Model Y cars.

However the Light Vehicle Production reports published by the U.S. National Highway Traffic Safety Administration (NHTSA) can provide some insight and understanding of these segments to Tesla observers.

It is mandatory for auto companies to report the number of vehicles manufactured for sale in the United States every quarter to the NHTSA. The make, model, model year and propulsion system of a particular vehicle manufactured by a vehicle maker for the US market till the end of the quarter is included in the production numbers.

Tesla made 66,175 of its 2020 Model 3 electric sedans and 46,773 of its 2020 Model Y crossover SUVs for the US market, according to the analysis of these reports, in the first nine months of 2020.

It was possible for Tesla to increase production and deliveries of its cars in 2020 because of the company increasing production of its Model Y cars, being able to start production operations at its new car factors in Shanghai, China and getting on board new battery cell suppliers.  

(Adapted from CNBC.com)

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