Tesla said on Friday that it had produced over 100,000 vehicles and delivered even more in the fourth quarter of 2019, meeting a goal it had laid out to investors and ending the year on stronger footing than at the start.

In a statement, the electric-vehicle maker said it had delivered 112,000 cars in the final three months of last year and produced a record 104,891, showing healthy demand as it continues to focus on global growth.

“When you deliver more cars than you produce, you get into your bank more cash than you spent,” said Pierre Ferragu, an analyst with New Street Research. He said that would enable Tesla to continue its expansion, including its manufacturing presence in China, where cars are beginning to roll off a Shanghai assembly line.

Mr. Ferragu estimated that Tesla had delivered 60,000 vehicles in North America and 52,000 internationally in the fourth quarter. The company did not provide a breakdown.