In the fourth quarter, Tesla delivered 17,400 vehicles. That's a new record, well above the previous high-water mark of 11,603 vehicles that was set in the third quarter of 2015. Of those 17,400 EVs, 17,192 of them were Model S EVs, leaving just 208 of them to be Model X vehicles. Tesla built 507 Model X last quarter and is now building 238 of them a week, the company said in a statement.
In February, Tesla said it would increase deliveries by 70 percent in 2015 compared to 2014. In 2014, the company delivered 31,655 vehicles. Seventy percent of 31,655 is 22,158, so a 70-percent increase would be 53,813. Tesla did adjust its prediction to somewhere between 50,000 and 55,000 deliveries in August and, in the end, that was the right move to hit the target.
Tesla's announcement is available below.
SUNDAY, JANUARY 3, 2016
Q4 deliveries consisted of 17,192 Model S vehicles and 208 Model X vehicles. (507 Model X vehicles were produced during Q4 with the remainder to be delivered in early Q1.)
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.