THEY BELIEVED IT COULDN’T BE DONE BUT TESLA, THE ELECTRIC CAR-MAKER, IS DOING IT

The production numbers are impressive and so are the sales numbers. No other carmaker saw a 40% increase in sales as Tesla did in 2020. By January 2nd, 2021 a total of nearly 500,000 cars had come off the line. Its stock was added to the S&P 500 Index. The stock price ended last year at more than $700, up from less than $100 in 2019.Tesla has ramped up production at a Chinese factory, and sales growth there has increased. China’s sales growth is within the world’s largest market for electric and conventional cars. The company is also building factories near Berlin and Austin, Texas. <Photo above – Derek Gee, Buffalo News>There are only 11 Tesla stores in Canada, four of which are in the City of Toronto and suburban Oakville. Addresses – 1325 Lawrence Avenue; Yorkdale Shopping Centre; Sherway Gardens; and 225 Wyecroft Road in Oakville.