Tesla started the year off announcing it almost accomplished its goal of delivering 500,000 vehicles in 2020, falling short only 450 vehicles. Given the significant headwinds passenger transportation faced last year—U.S. vehicle miles travelled fell 14 percent for the first 9 months of the year compared to the same period a year earlier—this shows Tesla has a formula customers want and is able to deliver. [1] Paradoxically, the company’s market capitalization eclipses the combined capitalization of 10 other automakers which produce over 50 million vehicles annually. To scale up, Tesla started production of the Model Y in a new Shanghai facility, and new vehicle assembly operations in Germany and Texas are expected to start production this year. [2]
Full electrons ahead
Full electrons ahead
Full electrons ahead
Tesla started the year off announcing it almost accomplished its goal of delivering 500,000 vehicles in 2020, falling short only 450 vehicles. Given the significant headwinds passenger transportation faced last year—U.S. vehicle miles travelled fell 14 percent for the first 9 months of the year compared to the same period a year earlier—this shows Tesla has a formula customers want and is able to deliver. [1] Paradoxically, the company’s market capitalization eclipses the combined capitalization of 10 other automakers which produce over 50 million vehicles annually. To scale up, Tesla started production of the Model Y in a new Shanghai facility, and new vehicle assembly operations in Germany and Texas are expected to start production this year. [2]