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Tesla sales grew 36 percent in 2020, still below annual targets

Electric vehicle maker Tesla said annual sales increased by 36 percent in 2020. However, the company has declined without the annual distribution target of five lakh vehicles. The company said on Saturday that it had delivered 499,500 vehicles in 2020. This includes the supply of 180,570 sports utility vehicles (SUVs) and sedans during the October-December period.

The annual target was not met due to corona

Tesla Chief Executive Officer (CEO) Elon Musk aimed to supply half a million vehicles by 2020 before the coronavirus epidemic began. Tesla stuck to this goal even after the only assembly plant in the United States was shut down for several weeks during the summer. However, in the end the company did not achieve this goal. Tesla said it delivered more than 3,18,000 cars worldwide in the first nine months of the year. This includes record distribution of 1,39,300 vehicles in the third quarter.

The company had to supply 1,81,650 vehicles in the fourth quarter to achieve its target of five lakh vehicles a year. In December, Kasturi sent an email to staff urging them to increase production as much as possible for the rest of the quarter. He said there is a huge demand for everything that is made in the company’s factories. However, the company told workers at the plant in Fremont, California, that production of the Model S and X would be halted from December 24 to January 11. This shows that the company has found more demand for Model 3 small cars and Model Y smaller SUVs.

Those who bought a Tesla car on the last day of the year received the gift

Musk also tried to speed up sales by tweeting on Tuesday. He said those who get delivery of Tesla vehicles within the last three days of the year will get the full automation features of the company for three months. It is noteworthy that the company’s automation option costs 10 thousand dollars. Right now the company is providing automation software for customers to choose from.

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