Tesla Q4 2020 Vehicle Production & Deliveries

Rhea-AI Summary

Palo Alto, Calif., Jan. 2, 2021 - Tesla produced and delivered nearly 500,000 vehicles in 2020, aligning with its guidance. The Model Y production has commenced in Shanghai, with deliveries set to start soon. In Q4 2020, the company produced 179,757 vehicles and delivered 180,570, marking an 8% increase in deliveries for the year. Model S/X and Model 3/Y show respective production figures of 16,097 and 163,660 for the quarter. Tesla plans to announce its Q4 earnings, including net income and cash flow results, shortly.

Positive

• Tesla delivered 180,570 vehicles in Q4 2020, an 8% increase compared to the previous year.
• Production of the Model Y in Shanghai has commenced, which may boost future deliveries.

Negative

• Final delivery counts may vary by up to 0.5%, indicating potential uncertainty in reported figures.
• Tesla's quarterly financial performance is subject to various factors that might not reflect delivery counts.

PALO ALTO, Calif., Jan. 02, 2021 (GLOBE NEWSWIRE) -- 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.

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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.

FAQ

What was Tesla's vehicle production and delivery total for 2020?

Tesla produced 509,737 vehicles and delivered 499,550 vehicles in 2020.

When did Tesla begin Model Y production in Shanghai?

Model Y production in Shanghai began in late 2020.

What were Tesla's Q4 2020 delivery figures?

In Q4 2020, Tesla delivered 180,570 vehicles.

How much did Tesla's deliveries increase in 2020?

Tesla's deliveries increased by 8% in 2020 compared to the previous year.