Tesla can still aim for delivering 500,000 vehicles this year: Musk

According to the latest reports, electric vehicle manufacturer Tesla expects to deliver 500,000 electric vehicles this year, an increase of 36% compared to 2019. Now, there are four days left before the end of Tesla’s year-end delivery. Can Tesla achieve this delivery goal?

In the latest email sent to employees recently, Tesla CEO Elon Musk said that Tesla can still achieve the milestone of delivering 500,000 electric vehicles in 2020, but it requires everyone to “do their best” Go” to achieve this goal.

In the first three quarters of this year, Tesla delivered a total of 318.35 million vehicles, which means that the company needs to deliver 181.65 million vehicles in the fourth quarter to achieve the goal of delivering 500,000 electric vehicles this year.

In the third quarter of this year, the company delivered 139,300 electric vehicles, breaking the 112,000 delivery record set by the company in the fourth quarter of 2019, and 181,500 vehicles were less than the quarterly delivery record set by the company just last quarter. To be more than 40,000 cars higher.

Now only a few days before the end of the year, Musk sent an email to Tesla employees. In the email, he seemed to think that this goal was still achievable, and he encouraged employees to unite and proved the doubters wrong.

In addition, Musk also asked Tesla employees to provide assistance at the end of production in order to provide customers with more cars at the end of the quarter. It is unclear how many more cars Tesla has to deliver to reach the 500,000 milestones, but Musk seems to believe that the team can achieve this goal in the remaining days of this year.

In terms of output, Musk predicts that in 2020, the company will be able to produce about 500,000 cars. Given the current situation, to achieve this goal, Tesla must produce 170,000 cars in the fourth quarter of 2020, which is 25,000 more than the 145,036 in the third quarter. This goal seems difficult, but it is not impossible.

Some analysts believe that Tesla will be able to achieve its goals, thanks in large part to its Shanghai super factory. Since the beginning of this year, Tesla’s Shanghai Gigafactory has been increasing production capacity at a very high rate, which should have a huge impact on the final data.

Due to the new coronavirus pandemic, 2020 will be full of challenges. Due to the epidemic, Tesla’s two-car factories were forced to close for a total of two months.

Although Tesla faces huge production difficulties, various challenges, and every day a large group of analysts and short-sellers try to assure investors that Tesla may go bankrupt at any time, but the company seems to realize its goal.

At the same time, investors seem to have confidence in Tesla. After Tesla’s stock was included in the S&P 500 Index, the company’s stock price hit a new high. It is reported that Tesla was officially included in the S&P 500 index on December 21, local time.

(Source)