Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Tesla reported 112,000 global vehicle deliveries during the fourth quarter, while also producing 104,000 new vehicles—both company records. The carmaker delivered 367,500 vehicles in 2019, a 50pc increase over 2018.


Tesla’s China factory increased production to 1,000 vehicles per week, with deliveries commencing earlier this month, the company reported. It set a new record and hasn’t been hampered by the coronavirus.


The company reported $386mn in $7.38bn in revenues in Q4-2019, a 17pc increase over the previous quarter’s $6.3bn and 1pc higher than Q4-2018’s $7.2bn.


The company earned an 18.8pc gross margin during Q4-2019, with $2.14 posted earnings per share. During the the previous quarter, the company had an adjusted profit of $1.91 per share and $1.93 a share a year earlier. Tesla shares have risen by 39pc since the beginning of 2020.


Tesla’s stock rose after its Q3-2019 results, which were released in October and reported a return to profitability after its stock fell nearly 120pc.






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