Us automaker Tesla has produced and delivered more cars than expected in the past year. However, it remained behind its own ambitious target of 500,000 electric vehicles for 2020.
Tesla has delivered 499,550 electric cars to its customers in the past year. Meanwhile, the market expected production of just over 480,000. At the moment, however, the most valuable carmaker has remained behind its own goal, which was set at half a million electric vehicles. Only 450 vehicles were missing to fill it.
Elon Musk was still happy and posted his feelings on Twitter. “I am proud of the Tesla team for reaching this great milestone,” he wrote. Musk also said Tesla had about a 10 percent chance of survival early in its existence. That’s why the automaker’s founder didn’t hide his enthusiasm, and he reaped congratulations not only from his fans but also from investors for the published production data.
Not to be sure, Tesla’s stock has plunged more than 650 percent over the past year. In addition, the automaker reported earnings in five consecutive quarters, and in December its shares were included in the New York Stock Exchange’s main S&P 500 index.