Tesla Delivers Record 112,000 Model 3, S & X Globally In Q4 2019

The numbers are now in and it's another record-setting quarter for Tesla.

Eric Loveday

By: Eric Loveday

Jan 3, 2020 at 8:25am ET

Add InsideEVs as a preferred source in Google

Comment

Tesla has just released some record-crushing numbers for Q4 2019. Record production and record deliveries.

At 112,000 global deliveries of the Model 3, Model S and Model X combined, Tesla far exceeded all expectations.

For Q4 2019, Tesla lists Model 3 deliveries at 92,550. Meanwhile, combined Model S and Model X deliveries hit 19,450.

On the production front, Tesla says Model 3 production hit 86,958 for Q4, while Model S and X were at 17,933 combined.

Per Tesla:

In the fourth quarter, we achieved record production of almost 105,000 vehicles and record deliveries of approximately 112,000 vehicles. In 2019, we delivered approximately 367,500 vehicles, 50% more than the previous year and in line with our full year guidance.

Tesla also added some brief comments on the Gigafactory in Shanghai, stating:

We continue to focus on expanding production in both the US as well as our newly launched facility in Shanghai. Despite breaking ground at Gigafactory Shanghai less than 12 months ago, we have already produced just under 1,000 customer salable cars and have begun deliveries. We have also demonstrated production run-rate capability of greater than 3,000 units per week, excluding local battery pack production which began in late December.

What do you think?

View

Comments

Congrats to Tesla on a record-shattering quarter and a record 2019.

Read Tesla's Q4 release in its entirety below:

Tesla Q4 2019 Vehicle Production & Deliveries

PALO ALTO, Calif., Jan. 03, 2020 (GLOBE NEWSWIRE) -- In the fourth quarter, we achieved record production of almost 105,000 vehicles and record deliveries of approximately 112,000 vehicles. In 2019, we delivered approximately 367,500 vehicles, 50% more than the previous year and in line with our full year guidance.

Production Deliveries Subject to lease accounting

Model S/X 17,933 19,450 14 %

Model 3 86,958 92,550 7 %

Total 104,891 112,000 8 %

We continue to focus on expanding production in both the US as well as our newly launched facility in Shanghai. Despite breaking ground at Gigafactory Shanghai less than 12 months ago, we have already produced just under 1,000 customer salable cars and have begun deliveries. We have also demonstrated production run-rate capability of greater than 3,000 units per week, excluding local battery pack production which began in late December.

Lastly, we want to thank our customers, employees, suppliers, shareholders and supporters who made another record-breaking year possible.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q4 earnings. 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% or more. 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.