Tesla Delivers 17,400 EVs in Q4 - Hitting Fully Year Guidance In So Doing

Tesla Delivers 17,400 EVs in Q4 - Hitting Fully Year Guidance In So Doing

Tesla has announced its early sales results for the 4th quarter of 2015, matching expectations for the last 3 months of the year, as well has hitting the lower end of full year guidance.

Besides Deliverying The First Model X Signature SUV (pictured above via Tony Williams), Tesla Delivered 207 Others

Besides Deliverying The First Model X Signature SUV (pictured above via Tony Williams), Tesla Delivered 207 Others

In total, Tesla delivered ~17,400 Model S and X vehicles between October and the end of the year.

For the full year, deliveries stand at 50,580, which fell inside the revised estimate of 50,000 to 52,000 units sold (early in 2015 it had stood at 50,000 to 55,000, but was narrowed in Q3).

The company breaks the results down as follows:

Q4 deliveries consisted of 17,192 Model S vehicles and 208 Model X vehicles.

Tesla also managed to complete production of 507 Model X all-electric SUVs before year's end.

As always, Tesla notes this is a very early tally of sales, so they still could change slightly (in Q3 Tesla underestimated the number by 25 units).

Here is a look at full year results by quarter:

  • Q1 – 10,045
  • Q2 – 11,532
  • Q3 – 11,603 (including 6 Model X)
  • Q4 - 17,400 (including 208 Model X)

Tesla Model S Sales Improved 48% in Q4

Tesla Model S Sales Improved 48% in Q4

Tesla also gives more depth behind Q4 results:

Model X Production Hit Almost 250 Per Week By Year's End (via Youtube/The Car Guide)

Model X Production Hit Almost 250 Per Week By Year's End (via Youtube/The Car Guide)

Q4 Model S deliveries were approximately 48% more than our prior quarterly record and approximately 75% more than Q4 last year. Model X deliveries are in line with the very early stages of our Model X production ramp as we prioritize quality above all else. That ramp has been increasing exponentially, with the daily production rate in the last week of the year tracking to production of 238 Model X vehicles per week.

There may be small changes to this delivery count (usually well under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct.

Our vehicle deliveries represent only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.