Tesla Reports Q2 Sales Of Just Over 22,000

2 months ago by Jay Cole 39

Tesla reports on its global Q2 EV sales

With another quarter just closed, Tesla has once again estimated its sales for the 3 month period (usually accurate to within a few dozen units when the number is ultimately finalized during the Q2 report in early August).

For the May to June period, total sales were just over 22,000 electric vehicles, broken down as follows:

  • Tesla Model S: 12,000
  • Tesla Mode X: 10,000

Tesla Model S sales soon to be eclipsed by the Model 3?

In Q1, 25,051 vehicles were sold, so Q2 was a slightly lower result, but also basically in line with the guidance the company offered during its Q1 report in May.

“Based on our current order and production rates, our first half outlook remains unchanged at 47,000 to 50,000 deliveries, which represents 61% to 71% annual vehicle delivery growth.”

Combing the actual Q1 and estimated Q2 deliveries, we see a first half result of just over 47,000 deliveries.

Tesla said it had issues getting out 100 kWh battery optioned cars in Q2, a phenomenon we noted in both May and April’s monthly estimates, with the vast majority of 100 kWh equipped deliveries happening in June.

From our earlier monthly report on the subject (/IEV self backpats):

“It was the apparent near absence of 100 kWh production early in the month (as we also saw in April…which at the time we thought was a reflection of getting 60 kWh cars out the door).  This lack of production meant very little high-end deliveries in the US for the company in May.

…but they came in June, according to our estimates, about 40%of the Model S sedans delivered in June were of the 100 kWh variety, about as high as we have ever seen.”

As for FY 2017, Tesla has offered no guidance overall as the upcoming Model 3 (scheduled to arrive on July 28th with the first 30 deliveries being made at a special event), but Musk noted in May that things were looking pretty good for making 100,000 Model S/X sales by year’s end, and the company today said it expected H2 results to “likely exceed” H1 results.

Tesla statement on Q2 sales:

Tesla Q2 2017 Vehicle Production and Deliveries

PALO ALTO, Calif., July 03, 2017 (GLOBE NEWSWIRE) — Tesla (Nasdaq:TSLA) delivered just over 22,000 vehicles in Q2, of which just over 12,000 were Model S and just over 10,000 were Model X. This represents a 53% increase over Q2 2016. Total vehicle deliveries in the first half of 2017 were approximately 47,100.

The major factor affecting Tesla’s Q2 deliveries was a severe production shortfall of 100 kWh battery packs, which are made using new technologies on new production lines. The technology challenge grows exponentially with energy density. Until early June, production averaged about 40% below demand. Once this was resolved, June orders and deliveries were strong, ranking as one of the best in Tesla history.

Provided global economic conditions do not worsen considerably, we are confident that combined deliveries of Model S and Model X in the second half of 2017 will likely exceed deliveries in the first half of 2017.

Q2 production totaled 25,708 vehicles, bringing first half 2017 production to 51,126.

We always want our customers to experience the newest versions of Model S and X while their cars are in service, so we added fully loaded, newly built cars to our service loaner fleet. We always want the service loaner Tesla to be *better* than the customer car being serviced. The customer should never suffer for something that is our fault.

We also finally added a sufficient number of Model X cars to our test drive and display fleet because our stores had been operating with far short of what was needed and, in some cases, none at all. There appears to be substantial untapped sales potential for Model X. It should also be noted that production quality and field reliability of the Model X, for which Tesla has been fairly criticized, have improved dramatically. It is now rare for a newly produced Model X to have initial quality problems.

The first certified production Model 3 that meets all regulatory requirements will be completed this week, with a handover of ~30 customer cars at our Fremont factory on July 28. More details to follow soon.

Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

Source: Tesla

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39 responses to "Tesla Reports Q2 Sales Of Just Over 22,000"

  1. Benz says:

    Can anyone please calculate the total cumulative global Tesla Model S deliveries (from 2012 up to Q2 2017)?

    Should be getting close to 200,000 by now, I think.

    1. Terawatt says:

      If not more. But that number is especially relevant to US deliveries, so perhaps that is what you had in mind.

      As usual, you people have a hard time remembering that there’s a world beyond your borders…!

      1. Mikael says:

        He asked for global numbers and just for the Model S. You jumped the gun on that one…but then again there is always some US citizen (American = citizen of North or South America) reading in need of remembering (or learning for the first time 😉 ) that there is something outside the border beides darkness and communists.

        It is funny because it is true 😉 Only people with a sense of humor are allowed to reply.

        1. ffbj says:

          That will probably limit the number of responses. That, along with the fact that people couldn’t care less.

        2. Tom says:

          The 200,000 comment is quite obviously about the tax credit limit not just random curiosity. Seems another thing people forget is that the 200,000 is only for the US and only counts US sales

          1. Mikael says:

            Benz is so obviously a dutch name. And you can taste the passion for statistics.

            Of course it is not about the US and their tax break. Can I assume that you are from the US since you assume that everything is about the US? 🙂

            1. JIMJFOX says:

              “Benz is so obviously a dutch name”
              Oh yes, SO obviously… much like Mikael
              is a name for someone who is often wrong.

              https://en.wikipedia.org/wiki/German_name-

              Given names often turned into family names when people were identified by their father’s name. For example, the first name Ahrend developed into the family name Ahrends by adding a genitive s-ending, as in Ahrend’s son.
              Examples: Ahrends/Ahrens, Burkhard, Wulff, Friedrich, Benz, Fritz.

              1. Mikael says:

                Nah, I am rarely wrong. But where is your humor? 😛

                Why don’t you ask Benz if I was right or wrong about nationality?
                It is already confirmed that I was right about what was asked for and also about the answer to that question. 😉

                1. ffbj says:

                  Sure, you’re right. How’s that for humor?
                  As in humoring you.

        3. Dragon says:

          I cast magic missile. At the darkness.

          1. JIMJFOX says:

            Are you allah? Casting stars at the Jinns to stop them eavesdropping on his Paradise? ;-))

      2. Benz says:

        I am not interested in a US tax Credit.

        I am not a US citizen.

        I just want to know when the 200.000th Tesla Model S will be delivered.

        Because as far as I can tell, then the Tesla Model S will be the only EV that will have passed this milestone number. Right?

        1. Jason says:

          Pretty sure Nissan Leaf has sold >250,000 world wide, hence it has been called the most popular EV.
          It amazes me how many people can afford the Tesla. 200,000 by $100,000+ value cars. And by this report more people are opting for the top priced 100kWh version.

      3. Benz says:

        No that is not what I had in mind.

        You are wrong about that.

        I used the word “global”.

        It seems that not everybody understands the meaning of that word.

      4. MikeM says:

        And YOU people seem to get irritable from frostbite.
        Still – not to worry – it should get above 10ºC any day now.

        http://www.telegraph.co.uk/news/worldnews/europe/norway/11362381/Norwegian-soldiers-sent-on-naked-jog-catch-frostbite.html

        1. JIMJFOX says:

          RELEVANCE?

    2. leafowner says:

      The figures are in the monthly trackers

    3. Mikael says:

      By the way. 183k including June.

      Should break 200k in December with the last push of the year by the smallest margin possible.

      1. ffbj says:

        That might be possible, but they will wait, so they can produce the most vehicles by delaying when they hit 200k, until January.

        1. ffbj says:

          The highest number of vehicles that will still get the credit.

          1. ffbj says:

            How the tax credit works:

        2. Mikael says:

          “total cumulative global Tesla Model S deliveries”

          There is no reason for them to wait for that.

      2. Tom says:

        Again…no they have not. It’s only about 115,000. See the historical monthly scorecard. The overseas sales do not count toward the cap for tax credits.

        1. Mikael says:

          “total cumulative global Tesla Model S deliveries”

          Very specific and nothing to do with the US or tax breaks.

      3. Benz says:

        Thank you.

        Sometime in Q4 2017.

        I have predicted in the past that it would happen in 2017.

        The Nissan Leaf was the first EV model to reach that milestone. The Tesla Model S will be the second EV model to reach that milestone.

        1. Mikael says:

          Last quarter is strong. But it will be in either December or January and it might become such a close race that you will need a photo finish between those two months.
          New years eve delivery by Musk of the 200k Model S maybe?

          1. Bonaire says:

            Interesting tidbit is that the 200k Model S will have a Vin number in the 220,000 or more value. Tells you that they have skipped building many numbers.

    4. Miggy says:

      @Benz At the end of March 2017 Tesla had sold just over 170,000 Model S worldwide.
      So I would say that they have just made or are about to make the 200,000 for worldwide sales of the Model S.
      see: http://ev-sales.blogspot.co.nz/2017/05/world-all-time-top-5-until-march-17.html

      1. Mikael says:

        171k + 12k last quarter = 183k.

        At a pace of 12-15k Model S globally per quarter another 27k will take about 6 months more.

        And with the last month of the quarter push and last month of the year push it will most likely be done in December. Not before then…and if not in December then definitely in January.

        1. Doggydogworld says:

          “183k…… At a pace of 12-15k Model S globally per quarter another 27k will take about 6 months more.”

          Here in the US 200k – 183k = 17k

          I’m not sure how it works internationally /s

          1. Mikael says:

            Haha… sometimes shit happens. 😛 And it is often while doing the simplest things.

            Sometimes not even a Mensa membership, lots of university math courses and even teaching math at university level will be enough to not miss some simple additions or subtractions. 😛

  2. Bob Nan says:

    This is still a high sales because they phased out the 60 KWh and 90 KWh models.

    So most of the vehicles sold have higher range which could mean Tesla’s vehicles being used for longer distance and reduce pollution even more.

    Now that Model-3 is going into production, soon it will compensate for any drop in Model-S/Model-X sales.

  3. James says:

    Just over 47,000 ? I bet Elon Musk bought some to reach that number like they did in Hong Kong

    https://electrek.co/2017/05/19/tesla-scrutiny-hong-kong-tax-exemption/

    1. Tech01x says:

      These are customer delivery numbers, not registrations. So no, Tesla can’t buy or register these and count them. I am sure a slew of customers in HK appreciated paying a far lower price.

      1. Bonaire says:

        A third party holding company or even Tencent using a shell company can.

  4. Serial anti tesla troll thomas says:

    22’000 cars only???? But no problem for Tesla. Elon will tell how great Tesla is and everybody will keep throwing their money after Tesla.
    My prediction for Q2: net loss of 480 mio US$

    1. Mark.ca says:

      I guess it’s time for cheap shot predictions…
      I predict you will never be smart enough to “lose” 480 “mio US$”.

  5. Four Electrics says:

    More “the dog ate my homework” from Tesla. If a battery shortage was material enough to affect results, why wasn’t it reported as it happened? This seems in violation of SEC rules.

  6. Edward Rose says:

    Awesome article that will be an awesome car…

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