Tesla mentioned Saturday that it delivered 180,570 electrical automobiles within the fourth quarter, beating its earlier file in addition to Wall Avenue expectations. The electrical automaker produced 170,757 automobiles whole.

For the yr, Tesla delivered 499,550 automobiles in 2020, largely according to its steerage of round 500,000 automobiles. At an annual shareholder assembly this yr, CEO Elon Musk advised shareholders he anticipated deliveries to hit an implied range between 477,750 and 514,500 vehicles for the yr, regardless of the impacts of the coronavirus pandemic.

The This autumn numbers symbolize a brand new file for Musk’s auto enterprise, which set its earlier greatest within the third quarter of 2020 with deliveries reaching 139,300 then.

As of Thursday, Wall Avenue anticipated Tesla to report fourth-quarter deliveries of 174,000 automobiles over the past three months, based on a consensus of analysts surveyed by FactSet. Estimates ranged from 151,000 on the low finish to 184,000 on the excessive finish, and included forecasts printed between October and mid-December.

In its quarterly stories, Tesla doesn’t get away supply and manufacturing numbers by area. Tesla additionally combines supply numbers for its older Mannequin S and Mannequin X electrical vehicles, and newer, extra fashionable Mannequin 3 and Mannequin Y automobiles.

Within the fourth quarter, Tesla delivered 161,650 Mannequin 3 and Mannequin Y vehicles and produced 163,660 such automobiles. The automaker delivered 18,920 Mannequin S and X automobiles and produced 16,097 of them.

For the yr, Tesla delivered 442,511 Mannequin 3 and Mannequin Y vehicles, whereas producing 454,932 of the automobiles. It delivered 57,039 Mannequin S and Mannequin X vehicles, whereas producing 54,805 such automobiles.

All through 2020 Tesla was in a position to improve car manufacturing and deliveries by efficiently working a brand new automobile plant in Shanghai, and bringing on new battery cell suppliers (alongside its longstanding accomplice Panasonic) to make extra of the excessive voltage battery packs that energy its electrical vehicles.

Tesla mentioned Mannequin Y manufacturing has begun in Shanghai with deliveries anticipated to start shortly.

Musk has proclaimed that he desires to extend Tesla’s car gross sales quantity from about 500,000 in 2020 to twenty million yearly over the following decade with plans for an electrical car that prices $25,000, its Cybertruck and revamped Roadster within the works.

After Tesla’s Mannequin S reveal introduced in larger than anticipated pre-orders in 2016, Musk mentioned the corporate aimed to provide 500,000 vehicles per yr on the Fremont plant by the tip of 2018. He additionally mentioned that Tesla would produce 800,000 to 1 million vehicles per yr at Fremont by 2020 then, reiterating the purpose in 2018 with a slight hedge saying it may look extra like 750,000 per yr in Fremont. The corporate hasn’t apparently hit that purpose but in California.

However waiting for 2021, Tesla is constructing new factories in Austin, Texas and Brandenburg, Germany, amongst different efforts to develop its manufacturing and gross sales quantity. Musk cautioned shareholders on the corporate’s final earnings name that it may take 12 to 24 months to hit full capability at new factories after they start operations — considerably slower than what Tesla achieved in Shanghai.

As Tesla faces a higher variety of opponents the world over, in luxurious and decrease priced segments, IHS Markit forecasts electrical car gross sales will symbolize 10.2%, or 9.4 million, of the almost 92.3 million automobiles it expects to promote globally in 2024.