2021 LOOKS GOOD FOR TESLA, BUT SEVERAL CHALLENGES LIE AHEAD.
There was a time when Tesla’s production capacity was in doubt across the automotive sphere. The company has been able to cope with adversity and respond to its critics by working hard and today it can really say “mission accomplished”.
In 2020, at the height of the pandemic, it managed to deliver nearly 500,000 vehicles, or 499,550, more precisely. In the fourth quarter of the year, it even reached a record with 180,570 deliveries, an increase of 36% over 2019.
The company wanted to deliver 500,000 vehicles between January 1 and December 31. She almost made it. In an effort to boost sales by the end of 2020, Elon Musk, the company’s chief official, said all Teslas delivered in the last three days of the year would benefit for three months from the “complete autonomous driving” option, free of charge.
Tesla’s share price has soared by more than 700 per cent over the past year, as the firm has posted five consecutive quarterly earnings and, in December, it was included in the S-P 500 index.
To say that Tesla has the wind in its sails is an understatement and 2021 promises to be a very promising year. However, what will be interesting to watch out for is how it will react with the army of electric vehicles that is about to hit the market at many addresses.