Tesla Hits Milestone of Producing 500,000 Cars in 2020

Tesla was quick to reveal its vehicle production and delivery statistics for Q4 2020 as the electric vehicle (EV) pioneer “produced and delivered half a million vehicles,” in news released on Saturday, reports Tesla North.

According to the breakdown above, Tesla produced 179,757 vehicles in Q4 and delivered a total of 180,570, with the newer Model 3 and Model Y leading the charge.

With Model Y production in Shanghai now underway, these numbers will look even healthier moving forward.

Q4 has brought Tesla’s total for 2020 up to a massive 509,737 vehicles produced, and 499,550 vehicles delivered.

Back in 2014 when Tesla was producing merely 31,655 vehicles per annum, CEO Elon Musk boldly predicted that the then-fledgling automaker would be making half a million cars by 2020. Today, that milestone sits squarely in Tesla’s rear-view mirror.

While 499,550 deliveries in 2020 is just shy of exactly half a million, it does round up to the number and still may change.

“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,” said Tesla.

It looks like we’ll have to wait until Tesla’s Q4 earnings call for the final numbers.

“So proud of the Tesla team for achieving this major milestone! At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all,” reacted Musk on Saturday morning.

Even with a phenomenal year of milestones, record sales, and all-time high stock prices already behind Tesla, there are amazing things still to come. Next up in 2020 should be the expansion of Tesla’s Full Self-Driving beta to Canada.