Tesla delivers 1550 Model 3s in fourth quarter

Javier Stokes
January 5, 2018

Q4 production totaled 24,565 vehicles, of which 2,425 were Model 3.

All kidding aside, the above information did come from a known, trustworthy source who received delivery of his Tesla Model 3 just yesterday. The low deliveries sent Tesla shares down 1%.

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During the forth quarter of the year, the company delivered 29,870 cars, with 15,200 of those being the Model S and 13,120 made up of Model Xs. In the interim, a new report from Electrek relays that Model 3 VINs point to Tesla producing upwards of 2000 Model 3 units in 2017, which is to say Model 3 production may have shot up from 260 last quarter to about 1,740 during the most recent quarter. While the estimates above - if accurate - are still a far cry from Tesla's early production goals, it at the very least demonstrates that manufacturing issues are being addressed slowly but surely.

The company exceeded its overall sales targets, delivering 101,312 Model S sedans and Model X SUVs in 2017, up 33 percent over 2016. That said, we're encouraged by hundreds of Model 3s have been spotted at delivery centers and at the Fremont factory shown in a video here, along with several suppliers reporting that they are back to delivering Model 3 parts at volume.

We are actually impressed by this progress as expectations that assumed the software to enable automated Model 3 battery module production would take into early 2018 given they had to start from scratch with a complete software rewrite just a few months ago.

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Tesla had originally said it would ramp Model 3 production up to 5,000 cars per week by the end of 2017 and then reach 10,000 per week this year.

Tesla has announced that deliveries of its electric vehicles has surpassed the 100,000-unit mark for the first time previous year, according to a report by The Verge.

One-third of the quarter's S3 were made in the last seven days.

The Drive editor-at-large Alex Roy and the car's owner, Daniel Zorrilla, drove a Tesla Model 3 across country from Los Angeles to New York City in 50 hours, 16 minutes and 32 seconds, setting another Cannonball Run record for an electric vehicle. The last update on Model 3 production calls for "a production rate of 5,000 Model 3 vehicles per week by late Q1 2018", which we believe is ambitious.

"As we continue to focus on quality and efficiency rather than simply pushing for the highest possible volume in the shortest period of time", read the trading note. We intend to achieve the 5,000 per week milestone by the end of Q2.

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