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Jan 3, 2020 - Energy & Environment

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

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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.

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