Tesla reported Friday that it produced more than 100,000 vehicles in the fourth quarter of 2019, a record, putting its yearly deliveries within the range it had promised. “When you deliver more cars than you produce, you get into your bank more cash than you spent,” said Pierre Ferragu, an analyst with New Street Research. He said that would enable Tesla to continue its expansion, including its manufacturing presence in China, where cars are beginning to roll off a Shanghai assembly line. Friday’s figures put Tesla’s total deliveries for 2019 at 367,500, which the company said was 50 percent more than in 2018. It had forecast deliveries of 360,000 to 400,000.

Source: New York Times January 03, 2020 13:55 UTC