Why Tesla's Deliveries Are Likely to Soar in 2021

Tesla's (NASDAQ: TSLA) fourth-quarter deliveries clearly impressed investors. The growth stock rose 3.4% on Monday, hitting a new all-time high during the trading day. The electric-car maker revealed that a record quarter put full-year deliveries near half a million, up from about 368,000 in 2019. For a year wrought with unexpected challenges brought about by the coronavirus pandemic, this was quite a feat.

But Tesla's growth will likely be even better in 2021. Here's why.

Image source: Getty Images.

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Source Fool.com