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Tesla reported an increase in the supply of electric vehicles by 23% in the fourth quarter

North America / Engineering

Company Elon musk said that this year will produce more than half a million vehicles, bringing the company's securities reached historical peak.

Tesla reported an increase in the supply of electric vehicles by 23% in the fourth quarter

In the fourth quarter of 2019 deliveries of Tesla grew by 23% and amounted to 112 thousand electric cars, says the report. Only in 2019, Tesla produced 367 thousand electric cars in 2020, the company expects to increase this figure to 500 thousand.

Forecast of deliveries, more than a third greater than last year's figure, indicates the stabilization performance of the company after years of losses, problems with the production and collisions of the head of Elon musk with U.S. regulators.

Interviewed by The Wall Street Journal analysts say that the average cost of Model 3 fell to 47.7 thousand USD in the fourth quarter compared to 57 thousands a year earlier, while deliveries of the more expensive Model S and Model X fell by 33% in 2019.

Over the year, Tesla received a $ 862 million loss. At the same time, the company's debt remained high at 13,42 billion dollars on the end of 2019.

Net profit attributable to ordinary shareholders fell to $ 105 million, or 56 cents a share, in the quarter ended December 31, from $ 140 million, or 78 cents a share, a year earlier.

Revenue has increased from 7.23 to 7.38 billion a year earlier. Analysts had forecast a net profit of 7.02 billion.

Shares of the electric car over the past year has risen in price more than twice, in trading after the official session on Wednesday, soared to 13%, for the first time, breaking the mark of $ 600 per share.

According to experts Bloomberg, the jump in prices has led to the fact that the state of Tesla founder Elon musk, who owns about a fifth of the shares of the company, just over an hour grew by 2.3 billion, amounting to about 36 billion dollars.

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