Revenue was $7.4 billion in the fourth quarter, the company said, up from $6.3 billion in the third quarter. It said it expected to “comfortably exceed” 500,000 vehicle deliveries this year, about a third more than in 2019. Tesla also said it had begun ramping up production of the Model Y at its factory in Fremont, Calif., with deliveries expected by the end of March, well ahead of a previous estimate for the fall. Some predict that Tesla will dominate the growing market for electric vehicles while others question both the size of that market and Tesla’s ability to ward off competition. The company is also building a factory outside Berlin, bringing the fight for the electric vehicle market to the backyard of some of the world’s largest automakers.

Source: New York Times January 29, 2020 21:28 UTC