Saturday, May 31, 2025

Latest

Tesla Fails To Meet 2020 Delivery Guidance, Delivers 499,550 Vehicles

Tesla Inc (NASDAQ: TSLA) this morning released its fourth quarter 2020 vehicle production and delivery results. Given that the results were released on a Saturday morning, its unsurprising that the company failed to meet its delivery guidance for the full fiscal year, missing the low end of its prior guidance.

In total, Tesla announced deliveries of 499,550 vehicles within 2020, failing to meet its guidance of 500,000 deliveries or more for the fiscal year, with CEO Elon Musk earlier this year indicating that the company should “comfortably exceed” that figure. The company managed to produce 509,737 vehicles over the course of the year.

Speaking specifically to the fourth quarter, the firm produced 179,757 vehicles, while delivering 180,570. Deliveries for the quarter fell short of recent analyst expectations, with Credit Suisse recently estimating 183,000 deliveries in the quarter, while Wedbush had stated that deliveries between 190,000 to 200,000 vehicles were possible.

Factset reportedly had a consensus estimate of 174,000 vehicle deliveries for the quarter, which Tesla bulls will likely point to as being bullish for the automaker. The fine print of the firms news release also notably states, “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 last traded at $705.67 on the Nasdaq.


Information for this briefing was found via Tesla and Barron’s. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. FFS, how disingenuous can you get??? They got 99.91% of their target. That ”miss” is a freakin rounding error away from 500k. Also, that 500k guidance was given BEFORE COVID illegal shutdown of their California factory and yet, they STILL meet their target! Tesla was the ONLY automaker on the entire planet with growth in 2020! You are so obviously in the pocket of big oil, it’s not even funny. ALL you articles about Tesla are pure negative FUD BS. How the F do you even sleep at night???

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Canada Blocks Tesla From EV Rebates

Canada has frozen all electric vehicle rebate payments for Tesla (Nasdaq: TSLA) and banned the...

Thursday, March 27, 2025, 02:56:00 PM

Deepfake Defense? Court Orders Elon Musk To Answer Under Oath Autopilot Questions In Tesla Fatal Car Crash

Elon Musk has been compelled to give a deposition in a lawsuit accusing Tesla’s driverless...

Friday, April 28, 2023, 04:05:00 PM

Tesla Has An Accident Problem, New Report Finds

In a recent study based on insurance claims, Tesla drivers have emerged with the highest...

Thursday, December 21, 2023, 07:19:00 AM

Tesla Jumps After Fan Filed Boat, Airplane Trademark On Firm’s Behalf

A Tesla (Nasdaq: TSLA) fan claimed to be behind an application to extend the automaker’s...

Thursday, January 5, 2023, 11:05:00 AM

Tesla Insurance Dings You For Driving After 10 PM

Tesla, Inc. (Nasdaq: TSLA) updated its Safety Score feature to version 1.2 back in November,...

Wednesday, January 11, 2023, 04:32:00 PM