Tesla Q3 2017 Vehicle Deliveries and Production
October 02 2017 - 4:05PM
In Q3, Tesla delivered 26,150 vehicles, of which 14,065 were Model
S, 11,865 were Model X, and 220 were Model 3. This was our
all-time best quarter for Model S and X deliveries,
representing a 4.5% increase over Q3 2016, our previous best
quarter, and a 17.7% increase over Q2 2017.
We had previously indicated that second half Model S and X
deliveries would likely exceed first half deliveries of 47,077, but
we now expect to exceed that by several thousand vehicles. In
total, we expect to deliver about 100,000 Model S and X vehicles in
2017, which would be a 31% increase over 2016.
In addition to Q3 deliveries, about 4,820 Model S and X vehicles
were in transit to customers at the end of the quarter. These will
be counted as deliveries in Q4 2017.
Q3 production totaled 25,336 vehicles, with 260 of them being
Model 3. Model 3 production was less than anticipated due to
production bottlenecks. Although the vast majority of manufacturing
subsystems at both our California car plant and our Nevada
Gigafactory are able to operate at high rate, a handful have taken
longer to activate than expected.
It is important to emphasize that there are no fundamental
issues with the Model 3 production or supply chain. We understand
what needs to be fixed and we are confident of addressing the
manufacturing bottleneck issues in the near-term.
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 deliveries of
Model S and Model X and 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:
Jeff Evanson
Tesla
ir@tesla.com
Press Contact:
Dave Arnold
Tesla
press@tesla.com
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