Tesla 2020 deliveries beat estimates, but fall just short of Musk’s target
(Reuters) – Tesla Inc on Saturday reported better-than-expected 2020 car deliveries, pushed by a gradual rise in electrical car adoption, but narrowly missed its daring full-year objective all through a punishing yr for the worldwide auto commerce.
The agency delivered 499,550 autos all through 2020, above Wall Street estimates of 481,261 autos, in accordance with Refinitiv info – but 450 gadgets shy of CEO Elon Musk’s target.
Musk tweeted https://twitter.com/elonmusk/standing/1345382294966571008?s=21 he was “proud of the Tesla crew for reaching this most important milestone.”
“At the start of Tesla, I assumed we had (optimistically) a ten% chance of surviving the least bit,” he acknowledged.
On Twitter, congratulations from supporters and bullish merchants poured in, lauding {the electrical} car maker for its stellar yr, which has defied wider auto commerce developments of slumping product sales, quarterly …