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The statistic highlights Tesla’s Production and Deliveries by Quarter. The total production of cars against cars delivered QoQ, from Q1 FY 2016 to the latest quarter.
Tesla, Inc. is an electric vehicle and clean energy company based in Palo Alto, California. Marc Tarpenning and Martin Eberhard founded Tesla in July 2003. Current CEO, Elon Musk joined the company as an employee but retrospectively became the co-founder of Tesla. After 11 years in the Industry, Tesla ranked as the world’s best-selling battery-electric passenger as well as the best-selling plug-in car manufacturer. Founders envisioned Tesla Motors as an independent automaker and technology company aimed at offering electric cars at an affordable price to the consumers.
We will now discuss how the total production and deliveries of cars differ from the period over period od with the introduction of different car variants.
The company affirms the plan to deliver 80,000 to 90,000 new vehicles in 2016. In Q1, Tesla reached a new quarterly production record of 15,510 vehicles, up by 10% from Q4 FY 2015. Tesla passed Q2 with the production of 18,345 cars, constituted a new quarterly production record, up 18% from Q1, and delivered 14,402 new vehicles. Based on this progress, vehicle production is now on track to support about 50,000 deliveries in the next part of the year, with significant automotive gross margin improvement.
Based on our current order and production rates, Tesla unchanged the target of 47,000 to 50,000 deliveries, which represents 61% – 71% annual vehicle delivery growth. Q1 and Q2 haven’t seen much significant growth. With average weekly production through Q3 of roughly 5,000 units per week, the company delivered a total of 26,137 deliveries, grew 18% globally compared to Q2. In Q4, Tesla delivered 29,967 cars, which was record-breaking for Tesla. Model S/X deliveries in Q4 grew by 10% globally compared to our prior record in Q3.
In Q1, Tesla produced 24,728 Model S and X and 9,766 Model 3 vehicles while delivered a total of 29,997 cars. A number of Model S/X vehicles were in transit due to logistical and short-term operational at the end of Q1. Q3 2018 was truly historic for Tesla as Model 3 was the best-selling car in the US in terms of revenue. In Q3, the company delivered 56,065 Model 3 and 27,710 Model S and X vehicles. In Q4, Tesla delivered 63,359 Model 3 cars and 27,607 Model S and Model X vehicles as a market opportunity for Model 3 in Europe, and China exceeds North America.
Tesla aims to produce 10,000 total vehicles of all models per week by the end of 2019. The company produced roughly 63,000 Model 3 cars in Q1, up by 3% than Q4 2018. Mainly due to changes in the production process for the introduction of new variants of Model 3. Deliveries of Model S and Model X dropped to 12,100 vehicles in Q1, mainly caused by weaker Q1 demand due to seasonality. In Q2, Model 3 deliveries reached a record of 77,634, and Model S and Model X production continues to produce over 14,500 vehicles in Q2. The rest of the quarters reported stability in both production and deliveries.
Despite Tesla’s expectation of disruptions in production this year because of the pandemic crisis – COVID-19, they have increased the delivery capacity to 5,00,000 vehicles.
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