Tesla reaches (nearly) half a million sales in 2020
Tesla may have just fallen short of the milestone, but it's being counted as a big win for the electric car company.
Tesla has announced it has delivered nearly half a million electric vehicles in the 2020 calendar year.
A total of 499,550 cars were delivered to Tesla customers in the past 12 months the company said, rising by 36 per cent compared to the previous year.
In October 2020, CEO Elon Musk announced the half-million target would be reached by the year's end, but some Wall Street analysts predicted the American brand would fall short by as many as 9000 vehicles.
The company delivered 180,570 of those in the fourth quarter (Q4) of 2020 – a 61 per cent increase year-on-year – with the Model 3 and Model Y accounting for nearly 90 per cent of those sales.
In Australia, around 90 per cent of Tesla's deliveries are of the Model 3, according to tracking data compiled by Vedaprime, with the electric car company company this year reaching a milestone of 10,000 cars delivered locally since 2014.
While Tesla does not release its sales data to VFACTS as other manufacturers do, it's estimated the company outsells other electric vehicles on the Australian market by more than two-to-one.
At the time of writing, Tesla stock currently sits in the sixth position of the S&P 500, behind Apple, Microsoft, Amazon, Google, and Facebook