Elon Musk thought Tesla had 'a 10% chance of surviving at all'
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Tesla founder Elon Musk on Saturday said he thought his electric auto company only had "a 10% chance of survival at all" when it started.
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The automaker, founded in 2003, posted its fourth-quarter production and delivery report on Saturday, saying it produced nearly half-a-million vehicles in 2020, representing a 36% increase in sales in 2020.
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"So proud of the Tesla team for achieving this major milestone!" Musk tweeted Saturday in response to the electric automaker's report. "At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all."
Musk set a goal of delivering 500,000 vehicles in 2020 before the coronavirus pandemic hit, and Tesla stuck to that goal even though the virus forced its only U.S. assembly plant to close for several weeks in the spring.
Tesla also announced its Shanghai factory has begun producing Model Y vehicles, and deliveries are "expected to begin shortly."
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In the fourth quarter, Tesla delivered nearly 19,000 Model S/X vehicles and more than 161,000 Model 3/Y vehicles. In 2020, the automaker produced nearly 510,000 total vehicles, including nearly 55 Model S/X vehicles and about 455,000 Model 3/Y vehicles. In total, Tesla delivered 499,550 cars.