Tesla (TSLA) On Track To Reach New Heights

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Recently, Tesla Inc. (TSLA) published statistics on electric car sales in the fourth quarter and during the year. The findings were just marginally smaller than the ambitious proposal by Elon Musk for the supply of 500,000 electric cars.

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Tesla has sold 499,550 electric cars to consumers for the whole of 2020, which surpassed the consensus estimate by about 20,000. Tesla manufactured more than 509 thousand cars at the same time.

The firm manages to raise deliveries at a high pace. Therefore, sales amounted to more than 367,000 vehicles in 2019, 50% more than in 2018. Tesla is the global leader in terms of manufacturing new electric cars (with a power reserve of 300 km or more). Moreover, in the past year, most of the leading producers of petrol and diesel-powered cars have not begun large-scale production of electric vehicles at prices and features close to Tesla’s famous cars.

Last year, the highest number of sales (more than 442,000) was produced in the middle price segment of electric vehicles: the Model 3 sedan and the Model Y crossover. The luxury Model S and X sales totaled more than 57 thousand units.

Thus, Tesla continues to be a fast-growing enterprise that manages to expand the availability of new goods. The industry continues to grow its share of the upcoming wide demand for electric vehicles, which will get a strong boost in 2025-2030, as in a range of regions of the world the selling of new cars with petrol and diesel engines, will be banned.

Tesla, Inc. (TSLA) was down to $826.16, down -2.23 percent.

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