Published
3 years agoon
DETROIT — Tesla’s global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019.
FILE – In this Feb. 6, 2018, file photo, Elon Musk, founder, CEO, and lead designer of SpaceX, speaks at a news conference from the Kennedy Space Center in Cape Canaveral, Fla. Musk is set to unveil an underground transportation tunnel that could move people faster than subways. Musk plans to unveil the test tunnel Tuesday, Dec. 18, 2018, as well as the autonomous cars that will carry people through it. He’s also set to show off elevators he says will bring users’ own cars from the surface to the tunnel. (AP Photo/John Raoux, File)
But the company issued a note of caution Friday, saying that while sales figures are slightly conservative, they could vary by 0.5% or more when final numbers are out. “Vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors” including cost of sales, foreign currency fluctuations and the mix of leased versus sold vehicles, Tesla’s said.
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