PALO ALTO, Calif., January 2, 2021 – In 2020, Tesla produced and delivered half a million vehicles, in line with its most recent guidance. In addition, Model Y production in Shanghai has begun, with deliveries expected to begin shortly.
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Tesla thanked all of its customers, employees, suppliers, shareholders and supporters who helped them achieve another great year.
Tesla net income and cash flow results will be announced along with the rest of its financial performance when Tesla announce Q4 earnings. Tesla delivery count should be viewed as slightly conservative, as brand only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.