Tesla surpasses 2019 goal; delivers 367,500 electric vehicles.
Aiming for the Summit: Electric automaker Tesla has surpassed its 2019 goal, delivering 367,500 electric vehicles in the last one year. This is 50% more than the deliveries made in the previous year — a record-breaking figure largely supported by sales of the cheaper Model 3.
Tesla share price rose 3.8% in trading Friday morning on back of the news.
However, as per this WSJ report, the road ahead for the Silicon Valley auto maker comes with a familiar challenge: execution. It also takes Tesla down a path in which its fortunes rest, to an unprecedented degree, on how it performs overseas—particularly in China, the electric vehicle maker’s top foreign market. Click link for the full scoop.
Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.