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IPFS News Link • Business/ Commerce

Tesla Cuts Prices In China, Reports Global Deliveries Of 499,550 Vehicles For 2020

• by Tyler Durden

The company said it delivered 180,570 EVs in the fourth quarter, which beat its previous record and Wall Street's expectations for the quarter, which averaged 174,000. It produced 170,757 vehicles during the same period.

But for the year, Tesla fell slightly short of the 500,000 vehicle guidance it issued at the beginning of the year and confirmed during the summer. The company's deliveries came in at 499,550 - but despite the company's vehicle totals falling slightly short of expectations, Tesla stock is still up about 700% over the last 12 months.