In 2020, Tesla produced and delivered half a million vehicles, in line with their 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 |
Tesla thanks all of its customers, employees, suppliers, shareholders and supporters who helped them achieve another great year.
Their net income and cash flow results will be announced along with the rest of theirr financial performance when they announce Q4 earnings. Their delivery count should be viewed as slightly conservative, as they 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 their SEC filings. Tesla disclaims any obligation to update this information.