Tesla’s 4th quarter deliveries consistent with projections

Tesla’s 4th quarter deliveries consistent with projections

Tesla has beaten its own record by delivering 17,400 vehicles in the fourth quarter. In the last quarter of 2015, Tesla has delivered the aforementioned number of vehicles for a total of 50,580 deliveries in 2015, which means it has beaten the previous quarterly record by around 48% and is 75% more than the last quarter of 2014.

The company has projected that it will ship between 17,000 and 19,000 vehicles during the last quarter of 2015. The delivery of vehicles was in line with its forecast. Tesla said that Palo Alto being headed by Elon Musk delivered around 75% more of its Model S than in the same period of the last year.

Tesla’s fourth quarter deliveries were consistent with its November 2015 projection to ship between 17,000 and 19,000 vehicles in the period. Tesla said that its new electric sports utility vehicle, Model X, was in line with the company’s early stage of production. The company expects to deliver its first Model X in September.

As per the company, Tesla was producing 238 Model X vehicles per week by the last week of 2013. Tesla remains the US pioneer in luxury electric cars despite the fact that the adoption of electric cars at the global level remains slow.

Investors have having high hopes from the Model X, a sports utility vehicle (SUV), which has been designed to compete models from luxury automakers and to make the company profitable after years of losses.

The launch of the Model X was a big thing for Silicon Valley automaker as it now has a second model in production beyond its Model S sedan launched in 2012.

Musk said that 25,000 customers have pre-ordered the $144,000 Model X online or in its stores. It would take eight to 12 months for people from now to receive the product.

Forbes reported that, Tesla delivered 17,400 vehicles in the fourth quarter, handily beating previous records for a single quarter, while reports of a Model S fire circulate in Norway.
Tesla Motors delivered 17,400 vehicles in the fourth quarter of 2015, for a total of 50,580 deliveries in 2015. That beats the previous quarterly record by “approximately 48%” and is 75 percent more than the fourth quarter of last year. But falls at the low end of Tesla’s goal of between 50,000 and 52,000 vehicles. The electric carmaker sold 31,655 Model S sedans in 2014.

IindiaToday report said, Tesla Motors Inc, the pioneering electric car maker, said on Sunday it delivered 17,400 vehicles during the fourth quarter of 2015, in line with its forecasts, and a total of 50,580 for the year.
The Palo Alto, California-based company headed by Chief Executive Elon Musk delivered about 75 percent more of its Model S than during the same period of the previous year, Tesla said.

Tesla's total fourth-quarter deliveries were consistent with its November 2015 projection to ship between 17,000 and 19,000 vehicles during the period.

According to the WSJ, separately, Tesla is investigating a fire that destroyed a Model S in Norway. According to Norwegian television station Web page, VG.no, a Model S owner plugged in his vehicle at a Supercharger on New Year’s Day and walked away and the vehicle caught fire. No one was injured. The Tesla fast-charging system delivers up to 130 kilowatts of direct current, allowing for a speedy charge of the car’s large battery.

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