Tesla Has Delivered More Than 250,000 EVs, ~55% In The U.S.

OCT 4 2017 BY MARK KANE 30

Tesla recently closed the books on the third quarter of 2017, which turned out to be the best result in its history.

However, the result was considered as a miss of sorts, as those gains weren’t aided in a significant way by the new Model 3; production of the inexpensive EV finished Q3 at just 260 units (as opposed to the ~1,630+ forecast by the CEO a couple months ago).

Tesla Model S

Tesla Model S

During the quarter, Tesla estimated it delivered 26,150 EVs; which although being a new record level, was just 4.5% better than a year ago.

If one notes the deliveries on the chart (above), it is easy to spot Q3 as the lowest year-over-year gain for the company since the Model S’ introduction in 2012.

As noted, the main problem was the reliance on the Tesla Model 3 to take growth forward (as the Model S and X are clearly nearing their peak sales potential).  The company did note some “production bottlenecks” during the quarter, slowing down results.

“Model 3 production was less than anticipated due to production bottlenecks. Although the vast majority of manufacturing subsystems at both our California car plant and our Nevada Gigafactory are able to operate at high rate, a handful have taken longer to activate than expected.”

Production and sales results from now on should grow significantly for subsequent quarters, as the scale of the Model 3 is expected to be at least few times higher than S and X combined – up to a run-rate of 5,000 per week by year’s end.

Tesla Model 3

Tesla Model 3 was held back by a “manufacturing bottleneck” in Q3

Of the production issues that plagued the model recently, Tesla says they have it under control…more or less.

“It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain. We understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near-term.”

With 26,150 Model S, Model X and Model 3 (220 total) sales in Q3, Tesla also crossed the all-time mark of 250,000 total deliveries during the quarter – nearly 257,000 without counting the 2,500 Roadsters.

With 100,000 deliveries forecast by the company for 2017, the milestone of 300,000 should be achieved in Q1’2018.

According to our reports, the bulk of Tesla sales have been in the US (both since 2012 and in Q3’2017) – at more than 55% of the total, or ~144,664 deliveries (excluding Roadsters).

This is an important number for US consumers, as the $7,500 federal credit begins to sunset 3-6 months after EV #200,000 is delivered in the US; which at this point looks like Q1 of 2017 – meaning that the $7,500 credit will drop to $3,750 on July 1st, 2018 (through the end of the year).

Tesla Model S/X/3 Deliveries (quarterly) – September 2017 (InsideEVs estimations)

And here is the cumulative results of combined Tesla Model S/X/3 sales worldwide:

  • North America: >153,500 (~8,500 Canada)
  • outside North America: >104,000
  • Total: ≈257,000

Tesla Model S/X/3 Deliveries (cumulative, data points by quarter) – September 2017 (InsideEVs estimations)

Categories: Sales, Tesla

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30 Comments on "Tesla Has Delivered More Than 250,000 EVs, ~55% In The U.S."

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turboro

I am not a big Tesla fan, but 2 things make me and other brands think:
– Even after 6 years the model S sales units are still strong, haven’t seen that before
– They sell 100’000 units with an average price of USD 100’000, with only 2 similar models

L'amata

Give it time & Tesla will be a Multi $$$$ Trillion Dollar Company ..Tesla Has all the right ingredience to sustain an efficient Clean Air “No Compromise” Future.& FREE Of ALL DIRTY FUELS . Cheers!

tuning in

Multi-trillion… in terms of market cap or revenue? Maybe by the year 2075 if everything goes right for them and the competition just folds without a fight.

Because what you are saying is that they will be worth more than all the other manufacturers combined. If you believe that its going to happen in your lifetime, then you really are drinking the Koolaid.

Cavaron

Don’t just think cars. Tesla is like Toyota+Uber+FirstSolar+SamsungSDI+ChargeNetwork. A market cap of a trillion in 5-10 years is not impossible. Given the big orange doesn’t blow us up…

DJ

You guys aren’t thinking big enough. They’ll be worth several quadrillion in the near future!!!!!!

Someone out there

Trillion dollar company? If you mean they will owe a trillion dollar then sure.
Tesla’s sales has flatlined, the model 3 is a failure, solar is going nowhere, they sell the competitor’s battery cells instead of their own and they are losing $400+ million per quarter. They had to raise money just a couple of months ago by selling junk bonds and that money will barely last them until the end of the year. What’s next, another stock dilution or more junk bonds?

David Tan

So, why is TSLA making new record highs lately? Apparently a lot of investors don’t agree with you!

Someone out there

Records? TSLA is way down from the record $389/share set some time ago

ModernMarvelFan

“Even after 6 years the model S sales units are still strong, haven’t seen that before”

Well, it has been only 5 years.

turboro

Almost…Model S is in its 6th production year

Taylor S Marks

At the end of this post, shouldn’t it be labeled “US”, not “NA”? You’re not including Canada’s numbers in the NA category, are you?

Jay Cole

Yes, the charts are for the US (shouldn’t really note NA, as Canada has logged an additional ~8,500 sales…as noted in the text breakdown)

Micke Larsson

It looks to me like Tesla will hit 200k in the US in Q2 2018.

With the delays in ramping up the Model 3 it looks fairly given right now that they will push some cars to other markets to hit 200k in early April instead of March or late February.

buu

the only possible combination for Q2 phase out only if 3 ramp is late February.
145k + 25-30 S/X for Q4/Q1 leaves 25-30k Model 3s delivered until April…

M3 - reserved -- Niro/Leaf 2.0/Outlander - TBD

Exactly. This is the quandary for Tesla. If they play the Fed # game, it’ll kill them for a three month rampup delay on Model 3 and limit sales US of their flagship vehicles–both will decimate their stock and reputation.

More likely than not, it’ll still cross mid-Q1 if EM can get past these bottlenecks in a timely manner and still reach the 5k/week by end of Q4.

This essentially means standard battery West coast before the phase out — non west coast will probably need the first run production to get their rebate

Micke Larsson

You two do understand that the world is larger than the US? 😛

It’s not that hard for Tesla to push deliveries to other parts of the world, especially for the S/X. For the Model 3 they could easily divert sales to Canada/Norway.

There is no delay in ramping up needed, just don’t sell all vehicles in the US.

And as you all know Tesla are pushing the US sales in the last month of the quarter and most cars are sold then…so it it not hard to hold those deliveries for March and deliver them in early April instead.

Please try to think before writing.

Benz

Jay,

How many of the almost 257,000 total global cumulative deliveries were Tesla Model X?

Meaning, how many Tesla Model X have been delivered in total worldwide so far?

Thank you

Micke Larsson

~58-59k

Benz

That means that it’s pretty certain that the 200,000th (total cumulative global) delivery of a Tesla Model S will be happening very soon.

ffbj

Sales in the U.S. are all that matters as regards the tax break. Global cumulative sales have no bearing on the matter.

Benz

My question was not related to the US tax break.

And therefore I did not even mention the US tax break in my question.

Why did you think that my question would be related to the US tax break?

Benz

When will Tesla reveal the second generation Tesla Model S?

2020 or 2021 or 2022?

Which year is most likely?

Alex Clabburn

S+X has definitely hit a ceiling but is this definitely demand peak or production constraint? I thought there was a limit of about 2000 cars a week they could get off the shared assembly line which they are now up against. Still plenty of untapped markets for Tesla (Russia, most of middle east, SA etc) so in theory there should be room to grow sales further if they have production capacity.

Pushmi-Pullyu
I don’t think we know just what the production limit is for the Fremont factory. To some extent I think that’s a moving target, since we keep reading about factory expansions and about moving some of the parts and sub-assembly work out of the main factory into nearby buildings. For some time now, Tesla has been carefully pushing up demand, with carefully managed media campaigns, Elon’s tweets, Supercharger network expansions, and carefully timed, incremental improvements in the MS/MX’s 0-60 time. Of course, other auto makers push up demand by using advertising, discounts, and local promotions. But Tesla has avoided spending much on that; most noticeably, Tesla has never run a TV ad, and those are the most expensive ads of all. So far as I know, Tesla isn’t even using internet banner ads, which should give much better “bang for the buck” since, unlike TV ads, they are targeted to individuals. However, Tesla recently offered a “Model S 60” which is actually an electronically limited MS 75, sold at a discount. I can’t think of any reason for Tesla to do that unless demand for the MS had nearly or completely maxed out. At least one person posting to InsideEVs… Read more »
Doggydogworld

Musk claimed they’d finish a certain quarter last year at 2400/week. I think it was 2016 Q4, but not 100% sure. That’s 31,200/quarter, or 28,800 if you assume one week of down time.

He’s since said they optimized their supply chain for ~25k/quarter. So they could, in theory, build ~30k/quarter but they’d have to pay OT plus possible surcharges on some parts. If demand was super-hot that’d be worth it, but regular discounting of “demo cars” with 50 miles on the clock says otherwise.

Taylor S Marks

What’s up with the scorecard currently missing a few cars from assorted brands for September?

IE, the BMW 330e number is missing, even though the BMW i3 isn’t. The Cadillac CT6 PHV is missing while the Cadillac ELR isn’t.

Jay Cole

Hey Taylor, its a big job,

It takes awhile to run down all the numbers because OEMs don’t like to split them out…unless you get in touch with them directly. It takes a good two, sometimes three days, to get all the data – always has been like that (although I wish it didn’t)

If you will note the first paragraph on the scorecard (linkie here), it says:

“September 2017 CAR SALES will be reported on Tuesday, October 3rd, 2017 beginning with the Nissan LEAF and Chevrolet Volt sales at 6:30-7:30 PT (9:30-10:30 AM ET), and finishes with Ford and BMW’s plug-in data in the late afternoon of Wednesday, October 4th, 2017.

You might also note it says: Last Update: Wednesday, October 4th, 3:21 PM (which was Ford data just added)

Benz

How many Tesla Model 3 deliveries will there be in the US in 2018?

More than 100,000?

M3 - reserved -- Niro/Leaf 2.0/Outlander - TBD

>220 probably. Anywhere higher is anyone’s guess at this time.

Micke Larsson

Probably? Hitting 20k per month is not an easy task for the global deliveries.

It is very likely that there are a lot less than 220k Model 3’s delivered in the US in 2018.

If they could deliver 200k Model 3’s in total in 2018 it would be amazing.