• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • VinFast Focuses on Europe to Beat Chinese Rivals to Market
  • Honda Establishes Global Motorsports Organization
  • Bugatti Rimac Signs U.S. Distribution Pact with VW
  • Tentative Settlement Ends Ford Strike Threat in Canada
  • NHTSA Revives Ford Focus Recall Investigation
  • Unifor, Ford Agree to Contract Extension
  • Volkswagen Reveals Third-Generation Tiguan
  • Minivans Aren’t as Safe as You Think, Study Claims
  • Everyone Wants to Talk to Elon
  • EV Growth to Accelerate as Price Parity Approaches
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
      • Feeder
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2024 Mercedes-AMG EQE SUV
    • A Week With: The 2024 BMW i7 xDrive60
    • A Week With: 2024 Alfa Romeo Tonale Veloce AWD
    • A Week With: 2023 Toyota Camry XSE Hybrid
    • A Week With: 2024 Subaru Impreza RS
    • A Week With: 2023 Chevrolet Colorado ZR2 Desert Boss
    • First Drive: 2024 Polestar 2
    • A Week With: 2024 Mercedes-Benz GLE 450 4Matic
    • A Week With: 2023 Mazda CX-50 Turbo
    • A Week With: 2023 Toyota Prius Prime
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automakers > Tesla Narrowly Misses 500K Delivery Target for 2020

        Tesla Narrowly Misses 500K Delivery Target for 2020

        Company missed mark by just 450 vehicles.

        Michael Strong
        Michael Strong , Managing Editor
        Jan. 04, 2021
        Tesla CEO Elon Musk and the EV maker’s workers pushed to finish line, but missed the goal of delivering 500,000 vehicles in 2020.

        Tesla CEO Elon Musk and the company fought all the way to the end, but they didn’t make the oft-stated goal of delivering 500,000 vehicles in 2020, despite the impact of the coronavirus pandemic.

        However, despite delivering 499,550 vehicles, which Tesla reported Jan. 2, investors were impressed enough to push the company’s stock even higher, inching Musk a little closer to the title of world’s richest man. The stock was trading at $737.22 per share, up 4.47%, in late morning market action.

        Musk, as he often does, rallied the troops in the waning weeks of the year with emails encouraging them to work hard and offer any suggestions that may help the California-based EV maker hit the 500K mark. The company delivered 180,570 vehicles in the company’s fourth quarter, setting a new benchmark.

        (Tesla’s Musk offering big incentive to drum up end-of-year sales: free FSD.)

        Unsurprisingly, the vast majority of vehicles Tesla delivered this year were Model 3 and Model Y vehicles, totaling 442,511 units. Model S and X comprised 57,039 deliveries throughout the year. During the fourth quarter, the split was 161,650 Model 3 and Y units and 18,920 Model S and X vehicles.

        “Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve another great year,” the company said in the press release revealing the delivery numbers for the year.

        Musk echoed the sentiment, albeit with a little more snark in a tweet, writing “So proud of the Tesla team for achieving this major milestone! At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all.”

        (Tesla’s latest system update sounds like real gas.)

        After one Twitter follower offered a congratulatory tweet lauding Musk for his perseverance, Musk replied, “Tesla is responsible for 2/3 of all the personal & professional pain in my life combined. But it was worth it.”

        Musk has a long history of feuds with investors looking to short the company’s stock, the SEC and most recently with state and local governmental officials in California. Plus, the CEO is known for spending between 80 to 100 hours a week at the company’s plant in Fremont, California, sleeping onsite some days.

        The company, which he at one point was in “production hell” at the plant, is now in full growth mode. The company recently began exporting Model 3 sedans built at its Shanghai plant to Europe as it continues construction of its plant just outside Berlin, Germany. The China plant has started production of the Model Y as well with deliveries “expected to begin shortly,” the company noted.

        (Tesla gets green light to sell Shanghai-built Model Y in China.)

        The EV maker enjoyed a stunningly impressive year in terms of its financial performance, turning profits in three of the four quarters reported – it’s expected to report a Q4 profit as well – and in four consecutive quarters. The company split its stock 5-for-1 Aug. 31 and it has continued to rise since the move. The company is now part of the S&P 500, becoming the largest company to ever join the index when it was added last month.

        How to Care for Your Car

        Cheap Car Warranty

        Editor's Choice

        Best Extended Car Warranty

        Editor's Choice
        Recently Published

        VinFast Focuses on Europe to Beat Chinese Rivals to Market

        Yesterday

        Honda Establishes Global Motorsports Organization

        Yesterday

        Bugatti Rimac Signs U.S. Distribution Pact with VW

        Sept. 20, 2023

        One response to “Tesla Narrowly Misses 500K Delivery Target for 2020”

        1. JAE says:
          January 5, 2021 at 2:08 pm

          Hats off.

          Reply

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2023
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: