Jan 3, 2020 - Energy & Climate

Tesla reports record 112,000 deliveries in 2019's 4th quarter

Ben Geman

Tesla Motors in front of new glass building near the company's headquarters — Tesla headquarters in Silicon Valley. Photo: Smith Collection/Gado/Getty Images

Tesla announced Friday that it produced almost 105,000 cars in 2019's fourth quarter and delivered roughly 112,000 — both records for the Silicon Valley electric automaker.

Why it matters: The deliveries substantially beat Wall Street estimates and enabled the company to meet its "ambitious" year-end sales goals, per CNBC.

Meanwhile, the company also plans to start delivering Model 3 sedans built in China to customers there on Jan. 7, Reuters reports.

"The Shanghai plant is part of the Silicon Valley automaker’s plans to bolster its presence in the world’s biggest auto market and minimize the impact of the U.S.-China trade war," they report.

Go deeper:

"Cybertruck" unveil: Tesla debuts its first electric pickup truck
Elon Musk announces new Tesla factory in Germany

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Tesla reports record 112,000 deliveries in 2019's 4th quarter

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