Thursday, November 6, 2014

Tesla Model S Has Record Q3 Deliveries, Model X Delayed To Q3 2015

Tesla delivered 7,785 Model S vehicles in its 3rd quarter, the highest ever quarterly deliveries despite a factory shutdown in July, and, that included its highest single day delivery of 907 vehicles, according to the letter to shareholders in the just released third quarter financial results. The majority of third quarter deliveries were in North America representing a 65 percent gain in September 2014 over September 2013. In an effort to ramp up production faster, Tesla is reducing the number of Model S options.

For three quarters of 2014, Tesla has reported deliveries of 21,821 Model S vehicles, according to quarterly shareholder letters. Tesla expects full year production to be about 35,000 cars despite entering the fourth quarter with a deficit in production of 2,000 units from the third quarter. Tesla also predicts Model S orders and deliveries alone to increase by 50 percent in 2015.

The new Model X crossover delivery schedule has been delayed a few months to the third quarter of next year as testing of Alpha prototypes and initial builds of the first Beta prototypes is almost finalized. Model X powertrain development is almost complete with the early introduction of Dual Motor drive on Model S.
Read more about Tesla Chairman & CEO Elon Musk.