Tesla’s Q4 2018 delivery and production report: 63k Model 3 delivered, 86.5k total cars produced

by

in

Tesla has introduced its delivery and production statistics for the fourth quarter of 2018, capping off what could only be called a historic year for the electric car manufacturer. In Q4 2018, Tesla created a total of 86,555 cars, that will be 8 percent more than its prior all-time-high from the next quarter. Deliveries also grew to 90,700 automobiles, a number that’s also 8% more than Q3 2018’s all-time-high

Tesla’s Q4 production numbers are comprised in 61,394 Model 3 vehicles, in accord with the firm ’s guidance and 15% more than its already notable figures in the next quarter. Tesla also generated a complete of 25,161 Model S and X, which will be consistent with its long term run speed of approximately 100,000 units per year. The more than 90,000 deliveries which Tesla was able to achieve in Q4 equates to approximately 1,000 vehicles per day — a notable feat for such a young carmaker. This number consists of 63,150 Model 3 (representing a 13% increase over Q3), 13,500 Model S, along with 14,050 Model X vehicles.

Over the class of 2018, Tesla delivered a total of 245,240 vehicles, also comprised of 145,846 Model 3, as well as 99,394 Model S and Model X. The business notes in its report that its deliveries in 2018 are nearly equal to the total deliveries in most years combined. This is even though the electric car maker only generating mid and high-priced variants such as its Model 3, also deliveries only being exclusive to North America. Apparently as a way to underline the demand for your vehicle, the business pointed out that more than 75 percent of Model 3 requests in Q4 came from new customers, not reservation holders.

(adsbygoogle = window.adsbygoogle || []).push({});

By the conclusion of the quarter, Tesla had 1,010 Model 3 and also 1,897 Model S and X which has been in transit to customers, which are expected to be delivered in ancient 2019. The business also notes that its stock levels remain the lowest in the automobile industry, and that its own figures for automobiles in transit observed a decrease in Q4 as a result of improvements in its own logistics systems in the North American region.

Apart from reporting record deliveries and production, Tesla also noticed that it’s rolling out a price adjustment of $2,000 for its vehicle lineup to absorb the decrease of the national tax credit being granted to electric auto buyers. With the adjustments set up, the decrease of the 7,500 federal tax charge to only $3,750 would likely not weigh down customers as much.

While Tesla reported yet another historic quarter which saw the company delivering an average of 1,000 vehicles every day, Wall Street has not taken kindly to the electric car maker’s Q4 2018 outcomes. Tesla inventory (NASDAQ:TSLA) has dropped more than 7% to Thursday’s trading, partially because of the firm ’s 63,150 Model 3 deliveries falling marginally short of FactSet quotes of 64,900. Craig Irwin, an analyst with Roth Capital Partners, noted that Tesla’s price adjustments on its own vehicles are not assisting TSLA stock either.

“The price cut is what’therefore driving the stock reduced, as it openly admits the sunset of subsidy dollars is a material headwind,” that he said.

Nevertheless, Baird analyst Ben Kallo noted in a recent record which demand for its Model 3 will likely be strong, especially as deliveries to different nations are expected to start this 2019. With regions like Europe and China expected to begin getting the electric sedan within the upcoming few months, then Tesla’s numbers would likely remain healthy in the year to come.

“Importantlywe think the stock build is natural since the company ramped production before requests to satisfy the tax down credit deadline. We continue to think Model 3 requirement remains strong, especially since the company has not started global imports or introduced leasing options, and therefore are buyers on almost any weakness,” Kallo wrote.

A link into Tesla’s Q4 2018 full report can be found here.

As of writing, Tesla stock is currently trading down 7.45percent at $308.00 per share.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any places within 72 hours.

The article Tesla’s Q4 2018 delivery and production report: 63k Model 3 delivered, 86.5k full automobiles generated appeared first on TESLARATI.com.

Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com

Discover more from Teslas Only

Subscribe now to keep reading and get access to the full archive.

Continue reading