Tesla announced Friday that it produced almost 105,000 cars in 2019's fourth quarter and delivered roughly 112,000 — both records for the Silicon Valley electric automaker.
Why it matters: The deliveries substantially beat Wall Street estimates and enabled the company to meet its "ambitious" year-end sales goals, per CNBC.
Meanwhile, the company also plans to start delivering Model 3 sedans built in China to customers there on Jan. 7, Reuters reports.
- "The Shanghai plant is part of the Silicon Valley automaker’s plans to bolster its presence in the world’s biggest auto market and minimize the impact of the U.S.-China trade war," they report.
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