Tesla today reported on auto-deliveries for the fourth quarter of the fiscal year 2020 and the whole year as a whole. At the end of the year, Elon Musk’s company produced 509,737 vehicles, of which 499,550 were delivered to customers. We can say that the company has fulfilled the annual plan of 500 thousand units (in 2019, the result was 367 500 cars), as expected.

According to the final quarter results, Tesla set a new record for itself, having released 179,757 vehicles over the three-month period from October to December and delivered 180,570 vehicles to customers. For comparison, for the same period in 2019, Tesla produced and shipped to customers 104 891 and 112 000 cars, and in the third quarter of 2020, these indicators were 145,036 and 139,300 cars, respectively.

The tables below provide more detailed data on the production and supply of Tesla vehicles:

  • For the fourth quarter of 2020
CarsThe number of cars produced piecesThe number of cars delivered to buyers, piecesShare of cars purchased under the leasing program
Model S / X16,09718920eleven%
Model 3 / Y163,6601616507%
Total179,7571805708%
CarsThe number of cars produced piecesThe number of cars delivered to buyers, pieces
Model S / X5480557,039
Model 3 / Y454,932442511
Total509,737499550

As before, most of the structure comprises junior Model 3 sedans and Model Y crossovers, which share one platform – 163,660 units, or 91% of the total volume of cars produced in the quarter against 88% in the previous quarter. The manufacturer does not separately indicate the Model Y result, nor does it provide data on factories’ production and supply volumes. At the end of the year, the total share of Model 3 and Model Y increased to 89% in the total volume of cars produced.

At the same time, Tesla has confirmed recent reports of Model Y crossovers’ serial production at Gigafactory 3 in Shanghai and will begin shipping to customers shortly. Earlier, the capacity of the Phase 2 line for the assembly of Model Y would be 100 thousand per year, which means that Tesla has achieved an important production goal – its capacity has almost reached 1 million cars, as originally planned. Without the Phase 2 line, the total capacity of existing Tesla plants in the USA and China was 840 thousand cars.

The full financial report, as usual, will only be released at the end of the month. However, as we noted earlier, already now there is practically no doubt that 2020 will be the first profitable year in the history of Tesla. On the eve of the report’s publication, against the backdrop of optimistic forecasts by analysts, Tesla shares for the first time crossed the $ 700 mark and continue to trade above this mark.

Tesla shares rushed to a new record ($ 700) amid analysts’ forecasts of the implementation of the annual sales target of 500 thousand cars!

  • Tesla’s lineup now includes four-passenger cars (Model S, Model X, Model 3, and Model Y) and four more already announced new items are on the way – the Roadster 2 sports car, the Tesla Semi tractor, the Cybertruck armored pickup truck, and the electric ATV that complements it. All of them should enter the market next year.
  • Today Tesla has three Gigafactory plants and another plant in Fremont (Tesla bought it from Toyota and GM at the time), which produces cars and lithium-ion batteries for these very cars and energy storage systems.
  • The construction of Tesla’s Gigafactory 4 in Europe in Brandenburg, Germany, and the new American Gigafactory 5 in Texas progresses very rapidly. The Gigafactory 4 plant should start working already in 2021 (first, the Model Y assembly line will be introduced, and then the Model 3 production will begin). Gigafactory 5 will produce the Cybertruck, Model Y crossovers and Model 3 sedans for the US East Coast, and Tesla Semi tractors. The Model Y line at Gigafactory 5 should also be operational in 2021.
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