Elon Musk

Tesla’s popularity in the UK has soared over the past seven years since the Model S arrived, and the smaller Model 3 became the best selling all-electric car in the UK in 2019. The US company built on that success in 2020, scoring record deliveries of 499,550 units, close to its 500,000-car target. Despite challenging conditions, and the closure of its Fremont assembly plant, annual sales rose by 36 per cent, and production of the Model Y SUV began in China. In July 2020, Tesla reported its fourth quarterly profit in a row, earning £82m in the three months to 30 June.