Tesla just makes fourth-quarter production goal

Tesla Logo - Supercharger

Tesla delivered 17,192 Model S sedans and 208 Model X crossovers in the fourth quarter of 2015, bringing its total for the year to 50,557 vehicles, just within its guidance figures of 50,000 to 55,000.

Battery half full or half empty? Naysayers may grouse that deliveries were near the bottom end of the forecast range (which was revised downward earlier in 2015). However, sunny-siders can point out that Q4 deliveries set an all-time quarterly record, and that the 2015 total represents an increase of 60 percent over 2014. The Model S will end the year as by far the best-selling plug-in vehicle in the US.

Tesla is intentionally ramping up production of the new Model X slowly and deliberately, according to a note released by the company: “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.”

TSLA shares were down on the first trading day of the year, as news of a Model S catching fire in Norway made the rounds. The stock dropped over 8% before stabilizing – hardly a huge move for a high-flying tech stock.

 

Source: Tesla via Green Car Reports