- Tesla just reported its fourth-quarter vehicle delivery and production numbers.
- CEO Elon Musk predicted Tesla would deliver between 360,000 and 400,000 electric vehicles to customers this year.
- In the previous quarter, Tesla said it produced 96,155 vehicles and delivered 97,000.
Tesla delivered a record 112,000 vehicles globally during the fourth quarter, significantly topping Wall Street estimates and achieving an ambitious year-end sales goal of CEO Elon Musk.
Wall Street expected Tesla to deliver 106,000 vehicles to customers during the fourth quarter, which would have just met the company’s annual delivery goal of between 360,000 and 400,000 vehicles, a 45% to 65% increase from 2018.
Tesla said it delivered approximately 367,500 vehicles last year, an impressive 50% increase from 2018.
Despite breaking ground at Gigafactory 3 in Shanghai less than 12 months ago, Tesla already produced just under 1,000 customer cars and have begun deliveries.
From a field to a working car factor in less than a year! Only in China.
Shares of Tesla were up by about 2% in pre-market trading to roughly $440 per share, a 39% increase over the last 12 months.