Tesla's Deliveries Exceeded Expectations In 2020

Tesla's Deliveries Exceeded Expectations In 2020 Tesla's deliveries exceeded expectations in 2020. In the past year, half a million new Tesla vehicles hit the road. Tesla, the electric vehicle manufacturer, showed a delivery performance above Wall Street expectations in 2020. The company performed close to the goals of its founder and CEO Elon Musk. According to the data published by Refinitiv, Tesla delivered 499 thousand 550 vehicles in 2020. Analysts' expectation was that the number of vehicle deliveries in 2020 would be 481,261 units. Elon Musk, the company's founder and CEO, aimed to deliver 500,000 vehicles for 2020.   China Becomes Tesla's Second-Largest Market In addition to the gains made in 2020, Tesla also included its entry into the Chinese market on the agenda. In the statement made by Tesla, it was stated that the production of Model Y, the first model to be produced in China, begins. According to the information provided, the Model Y SUV produced in China will be released in January. It was reported that the lowest price of 339,900 yuan (52 thousand 74 dollars) was determined for the vehicle planned to be released. Tesla CEO Elon Musk stated that for the Model Y to be released in China, he predicts that the company will sell more than all the vehicles it produces. On the other hand, Tesla also presented the Model 3 sedan to its potential buyers. After the electric vehicle incentive regulation in China, the price of the vehicle was 249,900 yuan (38,285 dollars). Model 3 is covered by the incentive applied in countries, while Model Y does not. According to local data, 2020 sales in the country were recorded as approximately 120 thousand, while China became the second largest market for Tesla after the USA.       In this article is contributed by Bloomberg HT.