Many may have scoffed at Elon Musk’s proclamation last week that Tesla will deliver 20 million cars per year with the decade, but at the rate they are increasing manufacturing and delivering of cars it may be achievable. They have broken another record in the third quarter of 2020.
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Tesla announced this week that they have delivered a record-breaking 139,300 vehicles in the last quarter. In a press release, they also announced that there were 145,036 cars produced in the same period. The company produced 128,044 Model 3 and Model Y vehicles, and delivered 124,100 of them. As for the Model S and Model X, it produced 16,992 of the vehicles, and delivered 15,200 them.
It means the company is sitting on fewer outstanding orders and unsold vehicles, as the company has made big strides in its delivery efficiency. In the three months prior, Tesla delivered 90,650 cars, scuppered by the partial lockdowns and limited manufacturing around the world. The previous record was set in Q4 2019, when Tesla delivered 112,000 vehicles.
Tesla has said that is expects to deliver 500,000 vehicles in 2020, although that would mean the company needs to deliver another 181,000 cars in the final quarter, which would be even bigger growth in a quarter-on-quarter period.
At Tesla’s recent Battery Day, CEO Elon Musk shared the company’s plans to manufacture its batteries internally, mine its own raw materials, the lower the cost of production to a point where they can sell a new electric car for $25,000. The gains from the plan is still expected to be years away, although it would go a long way in helping the company reach its 20 million vehicle yearly goal. As infrastructure improves and technology keeps moving forward, electric vehicles are set to become our main mode of transport within the next couple of decades.
