Tesla produces 5,00,000 vehicles in 2020
Tesla produces 5,00,000 vehicles in 2020
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EV maker Tesla Inc reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry.

The company delivered 499,550 vehicles during 2020, above Wall Street estimates of 481,261 vehicles, according to Refinitiv data - but 450 units shy of CEO Elon Musk's target. Musk took to Twitter and wrote he was proud of the Tesla team for achieving this major milestone.  He wrote,"At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all. On the microblogging site, congratulations from supporters and bullish investors poured in, lauding the electric vehicle maker for its stellar year, which has defied wider auto industry trends of slumping sales, quarterly losses and global supply chain disruptions.

The share price of the EV maker has risen more than 700% over the last year, the company has reported five consecutive quarterly profits and in December it was included in the S&P 500 index. Meanwhile, Around seven Tesla electric vehicles - four Model X Long Ranges and three Model 3 Standard Ranges, have reached Nepal in 2020.

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