Tesla beat estimates for annual vehicle deliveries and met the low-end of its own target, after a few turbulent years.
Boosted by demand for the Model 3 sedans as overseas sales pick up, Tesla on Friday said it delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3s and 19,450 Model S/X SUVs.
The carmaker delivered approximately 367,500 vehicles during all of 2019, just meeting the low end of its target to deliver 360,000 to 400,000 vehicles in 2019.
The delivery results defy skeptics of Musk, whose mercurial behavior over the last two years came under close scrutiny from federal regulators and shareholders of Tesla.
Tesla also provided an update on its Shanghai factory, which has started churning out Model 3 cars. It said the plant demonstrated a production run-rate capability of more than 3,000 units per week.
Tesla will deliver its first China-made Model 3 sedans to the public on Jan. 7.
The Model 3 is Tesla’s most affordable car, with lower-range versions available starting at $35,000.