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Added on the 12/04/2019 02:02:50 - Copyright : Wochit
system.scripts.Tesla Chief Executive Elon Musk unveils a prototype of the Model 3 car to a group of Tesla owners in California. The new electric model is seen as critical to the Silicon Valley automaker's growth plan. Rough Cut (no reporter narration).
Odd Andersen/AFP via Getty Images Tesla had set a goal of 500,000 deliveries for 2020. On Saturday, it announced it missed the target by 450 vehicles. Some analysts had said the ambitious target could be tough to reach because of a slump in auto sales during the coronavirus pandemic. The company reached its production goal for the year, making a total of 509,737 vehicles. It also said production of its mid-size SUV, the Model Y, has begun in Shanghai. Consumers cut back spending on cars during the pandemic and Tesla's sales in the first half of 2020 dropped 15% from the second half of 2019.