Tesla Hits New Sales Record
Q3 2020 Sales Beat Estimates
Targeting 500,000 Vehicle Sales for 2020
In the third quarter of 2020, Tesla delivered a record number of global sales, smashing analysts' estimates. Tesla sold 139,300 vehicles bypassing its all time high of 112,000 in Q4 2019. Analysts had projected 129,950 in Q3 2020 sales. The big sales came from Model 3 and Model Y.
Full Year Sales Target
Tesla CEO Elon Musk believes the company can sell 500,000 vehicles for the full year. To do so, that will require a blowout 4th quarter of 181,650 global sales to reach the goal. During his recent Battery Day, Musk predicted 30% to 40% growth for Tesla over 2019.