Tesla almost hits its own delivery target of 500,000 cars

Tesla

Production in Shanghai, the first factory outside the USA, is already starting.

(Photo: AP)

Düsseldorf The electric car manufacturer Tesla sold 499,550 vehicles in 2020 according to its own information. The company has thus almost reached the target of half a million cars set by company founder Elon Musk. On the stock exchange, it was previously expected that Tesla could only sell about 480,000 cars.

Tesla delivered more cars than ever in the last quarter of 2020. With sales of 180,570 cars, the previous record of just under 140,000 from the third quarter was once again significantly exceeded, as a message from the company revealed on Saturday.

Musk expressed his satisfaction and spoke in a tweet of a “major milestone.” When the company was founded, he hardly expected that Tesla would exist in the long term.

2020 was an extraordinary year for Tesla and his boss Elon Musk, the 49-year-old became one of the richest men in the world today thanks to a soaring share. At the beginning of the year, production started in the plant in China – the so-called Gigafactory 3, which was completed in just a few months. Around half a million cars are to be built there once a year. In Grünheide in Brandenburg, the company is currently building a factory that will start producing in July – less than two years after Musks announced that it would build a plant in Germany.

Although Tesla produces significantly fewer cars than the German manufacturers, the stock exchange honors its success very much. Tesla’s stock market value rose by more than 700 percent in 2020 to just under 670 billion dollars or around 550 billion euros. For comparison: BMW, Daimler and Volkswagen come to 47 billion euros, 62 billion euros and 82 billion euros, respectively.

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