Tesla Misses Sales Target

Tesla Model Y
Tesla Model Y via tesla.com

Tesla just missed its guidance of 500,000 vehicles delivered for the year, coming in 499,550. Still, despite the covid pandemic, Tesla managed to deliver it’s biggest quarterly number ever. Q4 saw 180,570 vehicles delivered which beat expectations of 174,000. The overall year’s numbers are shy of Elon Musk’s top range of 514,500.

The stock’s run up has gone unabated, even after inclusion into the S&P 500. The last closing price is $705 a share representing a market cap of $669 billion.

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