Tesla rode a massive fourth-quarter push to hit its 2019 target for vehicle deliveries.
- The company delivered 112,000 vehicles in Q4, 92,550 of which were the mass-market Model 3.
- Tesla delivered 367,500 vehicles for the year, a 50% increase from 2018.
What that means: lots of optimism over Elon Musk’s big bet on electric vehicles. Tesla’s stock price rose 74% in Q4 and continued to gain nearly 3% yesterday.
This is a tale of two cities
For Tesla, it is the best of times, it is the worst of times.
- In Shanghai, China: Tesla’s $2 billion Gigafactory—its first vehicle plant outside the U.S.—is already cranking out Model 3s just one year after it broke ground. The first China-made cars will be delivered to the public on Tuesday.
- In Washington, D.C.: As of January 1, Tesla can no longer rely on a U.S. tax incentive to lure buyers. That makes success in the Chinese auto market (the world’s largest) even more crucial.
source : Morning Brew