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Photo: Smith Collection/Gado/Getty Images

Tesla delivered 499,550 vehicles throughout 2020, falling just short of CEO Elon Musk's goal of shipping 500,000, the company announced on Saturday.

The state of play: Despite the near miss, the Q4 numbers set a new record for the company, with 180,570 cars shipped for the last three months of 2020 compared to the previous record of 139,300 Q3 deliveries.

  • The company surpassed Wall Street's expectations, as they anticipated it would deliver 174,000 between October and December, CNBC reports.
  • Tesla's annual sales increased by 36% and shares rose by 700%, per AP.

Yes, but: Musk had pushed the company to meet his goal. The CEO sent an email to employees in December telling to increase production as much as possible to meet demand, AP notes.

  • This week, he tweeted that all cars delivered through the last three days of the year would have three months of the full self-driving option for free. The option normally costs $10,000, according to AP.

The big picture: Musk has said he wants to increase the company's sales to 20 million per year over the next decade, per CNBC.

  • Tesla is building new factories in Texas and Germany in an effort to boost production and sales.

What to watch: Tesla said final results could vary by 0.5% or more.

Go deeper

Ben Geman, author of Generate
Jan 29, 2021 - Economy & Business

Chevron posts another quarterly loss under weight of pandemic

Photo: Justin Sullivan/Getty Images

Chevron posted another quarterly loss Friday in the latest sign of how the pandemic is still weighing on oil companies despite some price recovery during the second half of the year.

Driving the news: The oil giant reported a $665 million loss for the October-December period, but it shrinks to $11 million on an adjusted basis after considering charges on its acquisition of Noble Energy and "foreign currency effects."

School principals are not OK

Principal Alice Hom (purple jacket) of New York's Yung Wing School P.S. 124 near a vaccination van in November. Photo: Michael Loccisano/Getty Images

The overwhelming majority of secondary school principals experienced frequent stress last school year, according to a RAND Corporation report out Wednesday.

The big picture: The stress levels among female principals and principals of color were especially stark, with nearly 40% in these groups reporting constant job-related stress, compared to about 24% of male principals and 26% of white principals.

It's official: Stock market having worst start to year ever

Data: FactSet; Chart: Axios Visuals

It's been a decidedly ugly start to the year for the stock market, with particular pain in the tech trade.

State of play: As of the end of trading Tuesday — the 16th session of the year — 2022 is now, officially, the worst-ever start in the history of the S&P 500, according to data from Ned Davis Research, a stock market research shop.