DETROIT (AP) — Tesla's global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019.
The announcement Friday pushed Tesla's shares up more than 4% to a record high of $449.37. The stock hit a record last week in anticipation of strong sales numbers.
The electric car maker delivered a record of about 112,000 vehicles in the fourth quarter and about 367,500 for the full year.
Tesla, based in Palo Alto, California, had earlier projected deliveries of between 360,000 and 400,000 units worldwide.
The lower-cost Model 3 accounted for 83% of the company's fourth-quarter sales at 92,550. The higher priced Model S Sedan and Model X large SUV made up the rest.
The sales increase should bode well for Tesla's fourth-quarter and full-year