Tesla Q4 2017 Vehicle Production and Deliveries
January 03 2018 - 4:22PM
In Q4, Tesla delivered 29,870 vehicles, of which 15,200 were Model
S, 13,120 were Model X, and 1,550 were Model 3. This was once
again our all-time best quarter for combined Model S and X
deliveries, representing a 27% increase over Q4 2016, and a 9%
increase over Q3 2017, our previous best quarter.
In total, we exceeded our previously announced guidance by
delivering 101,312 Model S and X vehicles in 2017. This was a 33%
increase over 2016.
In addition to Q4 deliveries, about 2,520 Model S
and X vehicles and 860 Model 3 vehicles were in transit to
customers at the end of the quarter. These will be counted as
deliveries in Q1 2018.
Q4 production totaled 24,565 vehicles, of which 2,425 were
Model 3. As we previously indicated, we slightly reduced Model S
and X production in Q4 because of the reallocation of some of the
manufacturing workforce towards Model 3 production, which
also caused inventory to decline.
During Q4, we made major progress addressing Model 3 production
bottlenecks, with our production rate increasing significantly
towards the end of the quarter. In the last seven working days
of the quarter, we made 793 Model 3’s, and in the last few
days, we hit a production rate on each of our
manufacturing lines that extrapolates to over 1,000 Model 3’s
per week. As a result of the significant growth in our production
rate, we made as many Model 3’s since December 9th as we did
in the more than four months of Model 3 production up to that
point. This is why we were not able to deliver many of these cars
during the holiday season, just before the quarter ended. Model 3
deliveries to non-employee customers are now accelerating rapidly,
and we’re confident our customers will love them.
As we continue to focus on quality and efficiency rather than
simply pushing for the highest possible volume in the shortest
period of time, we expect to have a slightly more gradual ramp
through Q1, likely ending the quarter at a weekly rate of about
2,500 Model 3 vehicles. We intend to achieve the 5,000 per week
milestone by the end of Q2.
We’re very grateful to everyone at Tesla who has poured their
heart and soul into helping with the Model 3 ramp and creating the
progress we are seeing. We’re also very appreciative of our Model 3
customers, who continue to stick by us while patiently waiting for
their cars.
Our delivery count should be viewed as slightly conservative, as
we only count a car as delivered if it is transferred to the
customer and all paperwork is correct. Final numbers could vary by
up to 0.5%. Tesla vehicle deliveries represent only one measure of
the company’s financial performance and should not be relied on as
an indicator of quarterly financial results, which depend on a
variety of factors, including the cost of sales, foreign exchange
movements and mix of directly leased vehicles.
Forward-Looking StatementsCertain statements
herein, including statements regarding future production of
Model 3, are “forward-looking statements” that are subject to risks
and uncertainties. These forward-looking statements are based on
management’s current expectations. Various important factors
could cause actual results to differ materially, including the
risks identified in our SEC filings. Tesla disclaims any obligation
to update this information.
Investor Relations Contact:
ir@tesla.com
Press Contact:
press@tesla.com
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