Electric automaker Tesla sees late year surge after a bumpy start

Tesla surpasses 2019 goal and delivers 367,500 electric vehicles

Earlier today, Tesla released its delivery figures for the fourth quarter and revealed that it delivered a record-breaking 112,000 vehicles for the quarter, representing a 15,000 increase from the previous quarter.

Tesla shares were up as much as 5.5 per cent at US$454, touching a record high.

Wang Lei, a Shanghai-based analyst for China International Capital Corp, said Tesla could sell a combined 120,000 Model 3 and Model Y vehicles.

Tesla, a pioneer in electric cars, probably will have an edge for the next one-to-two years before competition starts catching up, said David Whiston, an analyst at Morningstar Inc in Chicago.

We also saw news last week of Tesla further tweaking the price of the Shanghai-made Model 3, down to 299,050 RMB (a little under $43,000) after subsidies, which strongly outcompetes the price of alleged rivals such as the BMW 3 Series and Mercedes C-Class (also both locally made in China). "We have also demonstrated production run-rate capability of greater than 3,000 units per week, excluding local battery pack production, which began in late December", Tesla added.

Harry Kane injury: Jose Mourinho confirms hamstring injury is serious
I don't know but am injured by the game against Southampton", Mourinho added. Kane has scored 31% (11) of Spurs' 36 Premier League goals this season.

Tesla will begin shipping the first Model 3 sedan made in China as of Monday, as interest in electric vehicles in the country has decreased since production began.

"Tesla is rushing to start deliveries before other global brands bring in more EVs", said Zhang Yan, an analyst at research firm LMC Automotive in Shanghai.

Bloomberg reported last month that localization would help Tesla cut prices by at least 20% in 2020.

"It's a distorted need", says Robin Zhu, an analyst at Bernstein. Daniel Ives of Wedbush, who has a neutral rating on stock and a price target that implies almost 14% downside from where shares closed Thursday, called the results "another major feather in the cap for Musk & Co." in a Friday report. The Tesla vehicles have a leading driving range that matches the appeal of the brand. Fortunately, for Elon Musk, we are not referring to his tweets, but to the company's Q4 delivery numbers, which beat expectations across the board.

The Model 3 is Tesla's most affordable auto, with lower-range versions available starting at $35 000 (R500 000) in the US.

Related News:

  • PS5 Expected To Outsell Xbox Series X, PS4 At Launch

    PS5 Expected To Outsell Xbox Series X, PS4 At Launch

    The controller is obviously a prototype design (assuming these images are real in the first place), as there are no button labels. The main focus of the three images is the console itself, but they also give us a glimpse of the new controller.
    Ezgjan Alioski: We need to go there with confidence

    Ezgjan Alioski: We need to go there with confidence

    There's a history related to that. "Without that, I think it is impossible to do it". Marcelo Bielsa let Leeds dream again'.
    Samsung at CES 2020

    Samsung at CES 2020

    The Q950 can serve as the central hub for fitness and mindfulness within the home through the launch of Samsung Health on TV. The TV can shift between portrait and landscape orientations, displaying both TV and smartphone content exactly as intended.
  • So, Does Phoebe Waller-Bridge Have Barack Obama's Phone Number?

    So, Does Phoebe Waller-Bridge Have Barack Obama's Phone Number?

    She made a moving call to women to vote "in your own self-interest", emphasizing support for a woman's right to choose. The series ended its run with a lone Golden Globe win, for co-star Peter Dinklage in 2002.
    Brad Pitt and Jennifer Aniston attend the same Golden Globes After-Party

    Brad Pitt and Jennifer Aniston attend the same Golden Globes After-Party

    After dancing to Madonna's "Holiday" with Bullock, Aniston left the event with pals Ellen DeGeneres and Portia de Rossi . Aniston, for her part, split from ex-husband Justin Theroux in 2018.
    5.7-Magnitude Earthquake Strikes Puerto Rico

    5.7-Magnitude Earthquake Strikes Puerto Rico

    Sindia Alvarado, who lives in the coastal town of Peñuelas, said she and her family woke up in terror when the first quake began. Monday's earthquakes come as the island was celebrating Three Kings Day and government offices and most businesses were shut.
  • Iranian ambassador to UN says Soleimani death an 'act of war'

    Iranian ambassador to UN says Soleimani death an 'act of war'

    One of the world's top terror masterminds is dead , and that's an unalloyed good - no ifs, ands or buts about it. Foreign Secretary Dominic Raab said: "The first job of any government is to keep British people safe".

    Iraqi Parliament votes to kick out United States troops

    Hundreds of thousands of Iranians in Tehran on Monday mourned the assassination of senior general Qassem Soleimani. Mr Trump has made repeated complaints over the defence spending of other North Atlantic Treaty Organisation allies.
    Brits in Israel urged to 'remain vigilant' after Soleimani killing

    Brits in Israel urged to 'remain vigilant' after Soleimani killing

    Anti-war protesters took to the streets of Washington and about 70 other U.S. cities on Saturday to condemn Trump's actions. Soleimani's body will be transferred on Saturday to the southwest Iranian province of Khuzestan that borders Iraq.
  • This Year's Flu Strain Affecting Arizona Children

    This Year's Flu Strain Affecting Arizona Children

    So far, this season has been particularly deadly for children, with 27 deaths reported until December 28. Medical professionals say annual flu vaccines are the best way to prevent flu.

    Iranian general killed in airstrike honoured at tense Edmonton vigil

    A pullout of the estimated 5,200 U.S. troops could cripple the fight against IS and allow it to make a comeback. The bill is subject to approval by the Iraqi government but has the backing of the outgoing prime minister.
    Iranian Revolutionary Guard Commander Threatens Attacks On Vital US Ships

    Iranian Revolutionary Guard Commander Threatens Attacks On Vital US Ships

    Drone and rocket attacks at Saudi Aramco oil facilities in September, blamed by Iran , have reduced the crude production of the world's largest oil exporter by nearly half.

Most liked

Iranian Americans claim delays and questioning at US-Canada border
Customs and Border Patrol denies claims that it was instructed to detain or refuse entry to Iranian-Americans at the border despite these reports.

Tom Hanks Breaks Down While Receiving Lifetime Achievement Award at Globes
She admitted that she was so nervous, but Tom excused himself for a few minutes to allow her to gather her confidence. As an eight-time victor and 16-time nominee, Hanks is certainly no stranger to the Globes.

Japan 'Tuna King' buys new year catch for B54m
Kimura also spent top dollar for a 278 kg tuna that he paid 2.4 million pounds for a year ago , according to The Times of London . Kiyomura is a familiar face in the annual bidding war, winning the New Year's auction for six consecutive years until 2017.

Iran ends commitment to nuclear deal
Tensions had been rising between the US and Iran since May 2018, when Washington unilaterally withdrew from the landmark deal. To the Iraqi people, do not allow your politicians to turn Iraq into a proxy of Iran", the South Carolina Republican said.

Eclipse will occur as Full Wolf Moon peaks January 10
That's what happens this month, when parts of the globe will see the first full moon of 2020 as a penumbral lunar eclipse . In total, there will four lunar eclipses through the year and other three will occur on June 5, July 5 and November 30.

Manchester based student, Reynhard Sinaga, named as Britain's worst ever rapist
As part of his defense, Sinaga said the men had agreed to pretend to be asleep as part of his sexual fantasies, MEN said. Assistant Chief Constable Mabbs Hussain said that the true extent of his crimes will probably never be known.

New top China official in HK brings wishes from 'motherland':The Asahi Shimbun
Before that, he served as governor and then party chief of the northwestern province of Qinghai, starting in 2010. It has come in for criticism in Hong Kong and mainland China for misjudging the situation in the city.

Iran Withdraws From Key Enrichment Aspect of Nuclear Deal
Iran's Foreign Minister Javad Zarif counter-tweeted that targeting sites of cultural significance is a war crime. The protesters were demonstrating against the American airstrikes on the Iran-backed militia group in Iraq.

Jennifer Lopez considered undressing during her early career
Jennifer , who was nominated for a Golden Globe for her role in the 2019 movie, put on a busty display in her eye-catching gown. The couple, who got engaged in March past year , put on a cosy display as they posed for pictures together on the red carpet.

Solskjaer plans taking shape at Man Utd, says Guardiola
No one runs as much and he's a great trigger for our pressing game. "It's the first time I heard it". We are going to do meetings and recovery work".

West Ham agree to sign Darren Randolph from Middlesbrough for £4m
They would have had to pay a fee in the region of £20m to push Stoke into selling the England global in the middle of the season. One area West Ham were seemingly to improve their options was in goal with Moyes keen for stronger back-up to Lukasz Fabianski .

Tom Hanks Breaks Down During His 2020 Golden Globes Acceptance Speech
The Golden Globes are rarely a night of real mystery: Stars arrive, they get their awards, we turn off our TVs and go to bed. Blaming a cold for his state, he joked at one point after choking up, "It's the cold that is making this happen".

De Blasio: "NYPD on high alert" is preparing for threats from Iran
An American airstrike killed Soleimani, one of Iran's top military leaders, along with two Iraqi militia officials on Thursday. Supreme Court to reconsider a lower court decision that challenged a popular healthcare law signed by former U.S.

Marvel's "The New Mutants" Trailer Released
This project was developed at Fox long before the Disney merger took place, or was even being seriously talked about. Check out the trailer in the player below! Josh Boone's The New Mutants hits theatres on April 2.

Pompeo: US may hit more Iranian leaders if Iran retaliates
Rockets slammed on Saturday into Baghdad's Green Zone, which contains the US Embassy and an airbase that houses American troops. He said he would speak to other leaders in the coming days.