Tesla's production actions for electric cars have risen by more than 7% after investors learned that the company, although it did not reach the targeted benchmark of 500,000 cars sold in 2020, still achieved record results.
"We have achieved significant progress this year, despite the unprecedented difficulties," wrote the company's head Elon Musk in a letter to shareholders, adding that Tesla delivered almost half a million cars last year, which is slightly less than planned, but still represents a new achievement for the company.
Tesla also announced the launch of Model Y production at its Chinese factory, which boosted the company’s stock.
