Tesla just revealed that it has manufactured and shipped 4,99,550 electric vehicles in 2020 and fell short by just 0.5 percent while there was 36 percent increase in sales of the vehicles as compared to previous year.
It’s a new year and we all might have taken a resolution to meet our goals and targets but like every time, the monster of procrastination seems to hit us and then we become mere couch-potatoes badly missing on our targeted set of goals. That’s why there’s a lot to learn and take inspiration from Tesla which has yet again amused us by achieving a milestone this time.
Tesla just revealed that it has manufactured and shipped 4,99,550 electric vehicles in 2020 and fell short by just 0.5 percent. Now that seems to be an impeccably perfect record, isn’t it? Tesla’s CEO Elon Musk said that while the company aspired to ship 5,00,000 vehicles in 2020 it could able to complete almost 99.91 percent of its already set target.
There was a 36 percent increase in sales of the vehicles as compared to the previous year while on a quarterly basis the company saw a surge of around 30 percent increase in its sales in comparison with the last quarter which clocked at 1,80,570. Sifting through the quarterly data, there has been a constant increase in the sales of the vehicles as Tesla delivered 88,400 vehicles in Q1, 90,650 in Q2, and 139,300 during Q3 which eventually helped in boosting up the company’s stock price in the market.
This milestone, especially in a year marred with a series of unforeseen and unfortunate events and circumstances, is not a mean feat to achieve. Despite that Elon Musk led Tesla has fulfilled its commitment of manufacturing as many electric vehicles as they can for a cleaner future ahead. Earlier, Tesla decided the goal of manufacturing one million vehicles in a year but sensing the ground reality, the company brought it down to half a million.
Delving into sales figures and manufacturing strategy of the company, Tesla could able to complete its target of half a million largely by increasing the production and by launching new model of its mid-sized SUV along with bringing up its new factory online in China. As far as sales are concerned the company was able to sell 57,039 Model S and X vehicles the last year. Besides that, Model 3 and Model Y sales stood at 442,511 for the year.
Pertaining to a commendable goal of its company, Tesla CEO Elon Musk also affirmed that the company was able to reach such a milestone in just five years. As per various sources, it is also claimed that five years ago, the company was producing just 600 vehicles annually, and now Tesla could do that within the course of three days. Further, Tesla reiterated as to how the company didn’t bend or cut-short its target despite adversarial challenges posed due to the pandemic.
Tesla’s goal of 500,000 vehicles has exceeded the manufacturing capacity of companies like Volkswagen more than by double and as a consequence of it, the company’s share price has skyrocketed by more than 700 percent over the course of last year while it did incur huge profits across the span of five consecutive quarters. Further, in the future, the company aspires to be the epicenter of electric vehicle manufacturing primarily in Europe and Asia as competition intensifies in the US with growing investment.