Tesla closes 2020 with record deliveries – share at a high
Tesla achieves annual target. (Screenshot: Tesla / t3n)
No time right now?
As Tesla announced today, the target of 500,000 deliveries in 2020 by 450 vehicles was missed by a very narrow margin. The production exceeded the target by almost 10,000 vehicles.
Shortly before the end of the year, Tesla boss Elon Musk called on his employees again for the final spurt. This has apparently borne fruit and ultimately contributed to the fact that over 180,000 deliveries could take place in the fourth quarter alone.
So proud of the Tesla team for achieving this major milestone! At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all. https://t.co/xCqTL5TGlE
– Elon Musk (@elonmusk) January 2, 2021
Contents
Production and delivery run synchronously to the finish
This lies with Tesla Production and delivery quite synchronous on one level. Of the 180,570 deliveries in the fourth quarter, 179,757 were also produced in the fourth quarter. The very small buffer does not tie up liquid funds unnecessarily. From an economic point of view, this can be assessed as extremely positive.
Tesla has not yet communicated any further data for the fourth quarter. Instead, the US automaker refers to its upcoming earnings call.
At the end of the year, Tesla shares had left US trading with a new closing record. Over the course of December 31, 2020, the share moved up to $ 718.72 and ended the trading day higher than ever before, at $ 705.67. Experts assume that the final increase was primarily driven by the expectation that Tesla would achieve its delivery target. This means that the US automaker had a market capitalization of around $ 669 billion at the end of the year.
With a price gain of around 740 percent for the full year, Tesla overshadowed the S&P 500 index, in which the automaker has been listed since December 2020, along with all the other stocks it contains.
