Tesla Delivered Record-Breaking 500,000 Vehicles Alone in 2020
Do you know that Tesla smashed its delivery record last year by putting together more than 500,000 vehicles? During the fourth quarter of last year, Tesla delivered more than 180,000 vehicles to its customers in just under three months. This number approximates to 30 percent higher than the average of Tesla’s Q3 deliveries from the time the company initiated its production.
According to one of the reports, Tesla successfully created and delivered a total of 499,550 vehicles to customers worldwide. Just alone in 2019, the company was only able to create 367,500 cars overall. However, with time, the organization evolved and increased its overall percentage up by 36 percent this year. It has been a proud moment for the CEO himself.
Tesla wasn’t quite prepared for delivering this many vehicles, but because of the growing pandemic, the company faced an immense challenge. With the fear of going out of business, Tesla worked overtime to achieve their required targets, and as a result, they were able to ship around half a million vehicles. This unusually challenging year is what compelled Tesla to grow its strategy out-of-the-box and do great things within a fairly less amount of time.
Like every other factory shutting down, Tesla’s Fremont factory stopped its production from March till mid-May. As a result, Tesla observed a significant gap in its production.
So when the industries initiated back its productions, the company worked overtime to meet the market’s demand and, as a result, produced over half a million vehicles in 2020. For now, we have realized that Tesla holds the potential to create a great many cars, especially during this year 2021. With the production rate, estimations indicate the company is capable of making at least 180,000 vehicles per quarter. As the numbers show, Tesla should produce a total of 720,000 cars altogether from its Fremont & Shanghai factories combined.
That’s just the tip of the iceberg as Tesla further plans to open up new factories in the United States & Germany. It is very well rumored that Tesla is investing in launching its manufacturing plants in Texas and planning to go across borders. Tesla is going to invest in starting up a new manufacturing plant in Germany this year.
For now, we can’t say for sure that Tesla will be able to produce a million vehicles in 2021. But with the establishment of two more manufacturing plants, we can assure you that a million cars are an achievable target for the company by the year 2022.
As Elon Musk has concluded,
“We aim to produce 20 million cars by the end of this decade.”
Why Should Tesla Focus on Increasing its Stock Price?
The need for expansion for Tesla is imminent because Tesla needs something to justify its high stock price. The company’s current stock price value approximates around $600 billion, and this number is fairly larger than any other automobile industry in the world. Even though many auto-industry giants such as Toyota, GM, and Volkswagen create millions of vehicles every year, their stock prices aren’t skyrocketing the way Tesla’s stock price is. Plus, the fact that Tesla’s production is low, but the stock value is high, creates a significant problem for the company and puts it in hot waters.
Wall Street has its eye on the company.
For now, we hope that Tesla launches the other two manufacturing plants to meet high expectations.
About Tesla
Tesla was founded under the supervision of some of the finest engineers who wanted to create many newer & robust technologies that are more accessible to the world. Therefore, they worked together to develop electric vehicles and not just any type of electric vehicle; they worked on creating highly efficient electric vehicles that were more entertaining in drive than other traditional gasoline cars.
Who knew a venture started with the idea of optimizing electric vehicles would turn into much more. Today, Tesla is exploring not just all kinds of electric vehicle drives. Still, it is also focusing on scaling up to other projects related to clean energy development and enhancing storage products.
Tesla is one of the many which are contributing towards establishing a more sustainable environment.
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