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.
The company turned a corner in the second half of 2019 after losing $ 1.1 billion in the first half of the year. Have his shares has risen since October when it reported third quarter earnings. After falling to $ 177 in June, Tesla's stock closed at $ 430.26 on Thursday and rose more than 4 percent after Friday's announcement, despite the overall market easing.
The stock passed a $ 420 per share milestone last week. Elon Musk, general manager of Tesla, said last year he secured funding at this price – a 20 percent premium – to keep the company private. The deal turned out to be less solid than Mr. Musk had suggested and attracted the attention of federal regulators.
Some optimistic analysts have announced in the past few days that Tesla's stock will rise above $ 500 next year due to growing interest in electric vehicles and the company's strong recent performance.
Mr. Musk said Monday on Twitter that "tomorrow" – on the last day of the year – he was brought to Tesla Fremont's plant "to help deliver vehicles."