By Chris Isidore - Senior Writer, CNN Business
New York (CNN Business)Tesla (TSLA) hit its goal of building a half-million cars in 2020, a first for the company, it reported Saturday.
The completed deliveries to customers, which is slightly different from the production figure, fell just short of that same goal as it delivered 499,550 cars. That sales total rounds up to the 500,000 target, though.
The full-year production and deliveries rose by more than a third from 2019 levels, an impressive gain, especially considering that the company's major factory in Fremont, California, was shut for nearly two months from mid-March to early May by Covid-19 stay-at-home orders. A global recession caused by the pandemic also cut into worldwide auto sales. Tesla's new plant in Shanghai, which opened in late 2019, was a key element of its increased production and sales.
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