Tesla Inc beat Wall Street estimates for vehicle deliveries in its fourth quarte...
) beat Wall Street estimates for vehicle deliveries in its fourth quarter on Friday and met the low-end of its full-year delivery goal, boosted by demand for its mass-produced Model 3 sedans.
Tesla said it delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3 sedans and 19,450 Model S/X SUVs, which was above expectations of 104,960 vehicles, according to IBES data from Refinitiv. Tesla also provided an update on its Shanghai factory, its first China-based plant, which it started building a year ago. The company said it has produced just under 1,000 customer salable cars and has begun deliveries at the Shanghai factory.
The Silicon Valley-based automaker has bolstered its presence in China, the world’s largest car market.
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