TESLA Q4 2020 PRODUCTION & DELIVERIES

Tesla produced over 500,000 vehicles in 2020! They delivered 499,550 vehicles in 2020. The official Q4 report is not out yet. There are a number of factors that will weigh in on the official report. One of the most exciting highlights is that Tesla will be delivering the Model Y SUV vehicles in Shanghai, China, made in Shanghai, China this year. Though Tesla has become very successful in producing enormous gains for investors, they are just getting started! In the month of December 2020 Tesla made history becoming the 1st automaker to be inducted into the S&P 500. Shares hit a record high at that time of $695 post split. Tesla gets a buy rating from analyst but choose your entry wisely. Tesla stock is still a very volatile today with lots of potential for growth! Make sure you have a strategy and set your expectations. We are in an EV boom and we want to get in early before the next coming years! Before buying any stock do your own research and consult with a professional financial advisor. I am not a financial advisor or expert. I am a new investor who has made great gains in the stock market an I"m sharing my research with you! The more you know the more you grow! :) The opinions in this video and description are based off of my own personal beliefs and estimated predictions for educational entertainment purposes only. Trading and investing are potentially very risky consult with your own financial advisor before making any financial decisions.

Correction to point Number 7- 0.5% in place of 5%

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PRESS RELEASE-

PALO ALTO, Calif., January 2, 2021 – In 2020, we produced and delivered half a million vehicles, in line with our most recent guidance. In addition, Model Y production in Shanghai has begun, with deliveries expected to begin shortly.

Q4 2020
Production Deliveries Subject to operating lease accounting
Model S/X 16,097 18,920 11%
Model 3/Y 163,660 161,650 7%
Total 179,757 180,570 8%

2020
Production Deliveries
Model S/X 54,805 57,039
Model 3/Y 454,932 442,511
Total 509,737 499,550

Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve another great year.

***************

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q4 earnings. Our delivery count should be viewed as slightly conservative, as we 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.

Forward-Looking Statements
Statements herein regarding the timing of future vehicle deliveries are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.

Investor Relations Contact:
[email protected]