Tesla confirms record deliveries of 90,700 cars in Q4, investors unhappy
12 replies, posted
https://electrek.co/wp-content/uploads/sites/3/2019/01/tesla_global_quarterly_deliveries_q4_2018.jpg?quality=82
Tesla has released its fourth quarter 2018 production and delivery numbers today and confirmed record deliveries of 90,700 cars and the production of 86,555 vehicles.
It represents a 8% increase over the last record, which was achieved in Q3 2018.
At the same time, Tesla also confirmed the price decrease [of $2000] in the US that we reported earlier today.
The automaker confirmed that it is to absorb part of the difference of the federal tax credit with the start of the phase-out in 2019.
In Q4, Tesla’s deliveries per model added up to:
63,150 Model 3
13,500 Model S
14,050 Model X
Production numbers were consistent though slightly below deliveries. The vehicles in transit from the last quarter compensated and as we reported earlier this week, Tesla ended the quarter with a few thousand unsold Model 3s in the US.
Q4 brought total deliveries for 2018 to 245,240 vehicles, which almost doubled Tesla’s entire fleet to date.
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TSLA is down 7% in pre-market following the announcement. I have to assume that it is more about the price changes than the delivery and production results, which I think are in line with expectations.
Tesla confirms record deliveries of 90,700 cars in Q4, productio..
The wild ride on TSLA continues.
That's a sharp rise for Q3 and 4, well done.
It required a huge amount of effort to get the Model 3 ramp going, Musk and others at Tesla were reportedly working 22 hours per day seven days a week to achieve it.
Not knocking OP but I'm personally sick of the constant news reporting being done on flippant investors looking to turn a quick profit on Tesla sales going slightly up or down.
Tesla's business model, which is unbelievably successful thus far, is going to continue to scale until they are a full fledged energy company, so its ridiculous when the stock drops 10% just because they fulfilled something like 5,000 less orders than expected. They still have hundreds of thousands of Model 3 preorder reservations to fulfill, they still have the most advanced facilities for large scale battery production, and they've barely gotten started on their roll out of solar roofs/home batteries, which deeply threatens the entire energy industry.
If you're day trading Tesla stock because you are worried about minutia data like this, you've bought stock in the wrong company.
As usual, they're never happy.
Just like when Blops 4 came out, made 500 million on the first week and shareholders wanted more.
I love the (obvious) impact adding a new vehicle to the lineup has. Can't wait then we see the Model Y and new Roadster on there.
Model Y will have a huge impact. Model 3 still has a long way to go though, demand far outstrips production still and they haven't even started deliveries outside of North America yet. Lots of demand levers left to pull even in the US such as, leasing, and production of the cheaper base model.
Looks like the Model 3 outsold the Corolla last month:
https://i.redd.it/gb8gflklmb821.jpg
Investors: We want to see exponential growth... forever.
No wonder the bloke's gone a bit loopy.
To be fair, all the markets are down right now. My stock in AMD has cut in half but I have one share so I'm not pissed off. It's for long term anyways.
Well well well. Coming soon to Europe
https://twitter.com/Tesla/status/1081117088662450177?s=19
Production has just started for Europe, first deliveries late feb. No sign of a right hand drive config yet though
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