Tesla Drives Toward Record Deliveries: Breaking It Down By the Numbers

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Tesla (TSLA) - Get Report stock is driving stronger than ever as Tesla announced record 2019 deliveries.

The automaker announced this morning that it sold 367,500 cars in 2019, which is a new record for the company. It’s 50% more sales than the previous year.

The company also stated that it achieved ‘record production of almost 105,000 vehicles and record deliveries of approximately 112,000’ in its fourth quarter.

Tesla shares also rose as they beat their fourth quarter earnings expectations.

The fourth quarter brought much needed positive news for the company after a humiliating stint with its 'Cybertruck unveiling' in November. Tesla's CEO Elon Musk had an public embarrassment when his so-called shatter-proof windows of Cybertruck were shattered not once, but twice.

The company said that it continued their focus on expanding product in both the US and their newly launched facility in Shanghai.

“Despite breaking ground at Gigafactory Shanghai less than 12 months ago, we have already produced just under 1,000 customer salable cars and have begun deliveries,” their press statement said. “We have also demonstrated production run-rate capability of greater than 3,000 units per week, excluding local battery pack production which began in late December.”

Is Tesla set to rev higher from here? 

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