Tesla’s sales in 2020 are more than double that of electric car manufacturers like BYD of China or Volkswagen of Germany. “This is a remarkable recovery for Tesla considering the impact of the coronavirus pandemic on its operations in the first half of the year,” commented The Verge.
In January 2020, Tesla said it easily hit 500,000 units shipped globally last year. By October, the company kept its sales target despite having to close factories in China and California (USA) for several weeks because of the disease.
This year, Tesla successfully launched its Model Y SUV in March. The company delivered 88,400 vehicles in Q1, 90,650 (Q2), and 139,300 (Q3). Recently, Tesla announced production of 179,757 vehicles in the fourth quarter and delivered 180,570 units, bringing the total number of cars sold for the year to 499,550. The company sold more than 130,000 vehicles compared to 2019.
Tesla car sales have steadily increased from 2015 with 50,580 units to 76,230 units (2016), 101,312 (2017), 245,240 (2018), 367,500 (2019), 499,550 (2020).
Tesla car sales from 2015 to 2020
The positive news helped Tesla’s stock soar over the past year, making Tesla the most valuable car company in the world, with a capitalization of $ 669 billion. Tesla shares rose 743% last year.
Last week, Elon Musk spoke out to encourage Tesla workers to “do their best” to accomplish their goals. “It’s so proud of the Tesla team that achieved this milestone. When I started Tesla, I thought we had a 10% chance of surviving. Two years ago, many people did not believe in our plans and goals. However, we proved we could do it, “said the CEO of Tesla.
Vehicle sales recover globally, experts say this is an opportunity for electric vehicle manufacturers to gain market share. Consulting firm Deloitte estimates hybrid and electric vehicles will account for about 12.1% of new car sales worldwide by 2025, compared with about 3.6% in 2020.
Tesla hasn’t set a target for 2021 car sales, but CEO Elon Musk said the company could target between 840,000 and 1 million. The company plans to produce 20 million cars by 2030. This is Tesla’s huge ambition because Volkswagen AG, the manufacturer with the best-selling cars in the world in 2019, also only reached 11 million units shipped in year.
To reinforce its ambitions, the company is working to expand its factory from 2 to 4. Tesla aims this year to build a factory near Berlin, the first in Europe and the second in the US in Austin, Texas. Musk also said the company plans to sell the car in India this year.
Tesla pickup trucks are made at the Austin, Texas plant
Car sales in India plummeted in 2019 due to new safety and emissions regulations that drove prices up. American firms withdrew from India over the past few years include General Motors and Harley Davidson. However, the government of this country is “hunting” for electric car companies. In September, the Indian government announced plans to provide incentives with an investment of $ 4.6 billion by 2030 for companies to set up electric battery manufacturing facilities in the country. Only 3,400 electric cars were sold domestically in 2019, compared with 1.7 million passenger cars with internal combustion engines.
Mr. Nitin Gadkari, Transport Minister of India, said Tesla will start selling the car in the country and then will decide to assemble and manufacture depending on the market demand.
The first Tesla to be available in India will be the Model 3, the automaker’s most accessible model, with a starting price of more than $ 74,000 and almost double the base price of the Model 3 2021 at America.