Tesla reports record result when Elon Musk reaches the goal

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Tesla reported on Friday that over 100,000 vehicles were produced in the fourth quarter of 2019. It is a record. The annual deliveries are in the range that he promised.

The electric vehicle manufacturer said in a statement that it had delivered 112,000 cars and produced 104,891 vehicles in the last three months of last year. This is a sign of the high demand for his vehicles from 2020 in the course of global expansion.

"If you deliver more cars than you produce, you get more cash in your bank than you spent," said Pierre Ferragu, an analyst with New Street Research. He said this would allow Tesla to continue its expansion, including its manufacturing presence in China, where cars are rolling off the assembly line in Shanghai.

As of Friday's figures, Tesla's total delivery for 2019 was 367,500, which is 50 percent more than in 2018, according to the company. Deliveries of 360,000 to 400,000 were forecast.