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Tesla 2020 deliveries beat estimates, but fall just short of Musk s target

Tesla 2020 deliveries beat estimates, but fall just short of Musk s target Toggle share menu Advertisement Tesla 2020 deliveries beat estimates, but fall just short of Musk s target FILE PHOTO: CEO of Tesla Motors Elon Musk poses during a television interview after his company s initial public offering at the NASDAQ market in New York, June 29, 2010. REUTERS/Brendan McDermid/File Photo 03 Jan 2021 12:40AM (Updated: 03 Jan 2021 06:07AM) Share this content Bookmark REUTERS: Tesla on Saturday (Jan 2) reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry.

Tesla 2020 deliveries beat estimates, but fall short of Musk s target

By Reuters Staff 3 Min Read (Reuters) - Tesla Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry. The company delivered 499,550 vehicles during 2020, above Wall Street estimates of 481,261 vehicles, according to Refinitiv data - but 450 units shy of CEO Elon Musk’s target. Musk tweeted here he was proud of the Tesla team for achieving this major milestone. “At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all,” he said. On Twitter, congratulations from supporters and bullish investors poured in, lauding the electric vehicle maker for its stellar year, which has defied wider auto industry trends of slumping sales, quarterly losses and global supply chain disruptions.

Tesla s Elon Musk could save billions in move to Texas

Tesla s Elon Musk could save billions in move to Texas FacebookTwitterEmail Gov. Greg Abbott and Elon Musk threw up a hook em in July. As a newly-minted Texan, Musk can save billions of dollars in capital gains taxes if he decides to sell some of his Tesla stock.Screenshot via Facebook/Greg Abbott Elon Musk said he moved to Texas because he was fed up with California’s COVID-19 response and to be closer to his Tesla and SpaceX facilities in the Lone Star State. But there could be another reason for Musk’s big move: avoiding California’s capital gains taxes.

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Elon Musk moves from California to Texas, triggering shockwaves

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