Tesla Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry.

Axar.az reports that the company delivered 499,550 vehicles during 2020, above Wall Street estimates of 481,261 vehicles, according to Refinitiv data - but 450 units shy of CEO Elon Musk’s target.

Musk tweeted here he was "proud of the Tesla team for achieving this major milestone."

“At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all,” he said.