How 2020 Was Tesla’s Best Year & Why 2021 Will Be Even Better



Tesla had a great year in 2020, which is something that very few businesses, communities, and individuals around the world can say. The electric car company reached financial heights, debuted new vehicles, and inched closer to the release of the highly-coveted Cybertruck. That being said, 2021 has the potential to be even better for the futuristic brand.

The 17-year-old electric vehicle manufacturer is led by CEO Elon Musk, and has made a name for itself by creating extremely powerful, technology-packed cars. From the luxurious Model S to the recently released Model Y, Tesla built a stellar lineup of electric vehicles with prices that appeal to a variety of potential customers. Due to this, Tesla stock is as high as ever, with more exciting cars and technology on the way.

Related: How Much It Costs To Lease A Tesla Model Y

According to The Guardian, Tesla’s share price has increased by 700-percent since the start of 2020, as of Dec. 21. The Model Y, an all-wheel drive electric vehicle with the ability to carry seven passengers and last up to 326 miles on a single charge, may be a big part of that jump in value. In the fall, Tesla reported a record-breaking 139,300 delivered vehicles in the third quarter of 2020, including sales of 124,100 Model 3/Y cars. With Tesla’s Cybertruck projected to begin production by the end of 2021, the company seems poised to continue trending upwards next year and beyond.

For obvious reasons, everyone is hoping 2021 will be better than this past year. Tesla, for one, has significant reason to believe it will be. The Cybertruck is supposed to be in production by the end of the year, and the company has already reported that thousands of pre-orders for the new truck have been made. Even though they aren’t set to be delivered until 2022, the production of these potentially groundbreaking trucks will likely boost the company’s value. Plus, Musk recently tweeted that Tesla will launch in India later in 2021, expanding the company’s reach into a completely new market.

From Tesla’s growing sales bolstered by the Model Y, to the anticipation surrounding the Cybertruck, and launches in new markets around the world, one thing has become increasingly clear. Tesla is not only the most popular electric vehicle brand in the industry today, but it may be one of the most popular vehicle brands, period. The demand for these electric vehicles grew significantly in 2020, even as a global pandemic wreaked havoc through most of society. Though Tesla’s complete plans for the year have not been revealed yet, it’s safe to say that the current forecast for Musk and co. is better than ever.

Next: Elon Musk Tried To Sell Tesla To Apple

Source: The Guardian

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