Announcing the 2017 production and delivery updates, Tesla said that the company has delivered 101,312 Model S and X vehicles in 2017 – a 33% increase over 2016.
In Q4, Tesla delivered 29,870 vehicles, of which 15,200 were Model S, 13,120 were Model X, and 1,550 were Model 3. Looking at the Model 3 numbers, it appears that the production bottlenecks is yet to get resolved. However, Tesla said that this was once again their all-time best quarter for combined Model S and X deliveries, representing a 27% increase over Q4 2016, and a 9% increase over Q3 2017 – their previous best quarter.
In addition to Q4 deliveries, about 2,520 Model S and X vehicles and 860 Model 3 vehicles were in transit to customers at the end of the quarter. These will be counted as deliveries in Q1 2018.
Q4 production totaled 24,565 vehicles, of which 2,425 were Model 3. Tesla said that they’ve slightly reduced Model S and X production in Q4 because of the reallocation of some of the workforce towards Model 3 production, which also caused inventory to decline.
“In the last seven working days of the quarter, we made 793 Model 3’s, and in the last few days, we hit a production rate on each of our manufacturing lines that extrapolates to over 1,000 Model 3’s per week. As a result of the significant growth in our production rate, we made as many Model 3’s since December 9th as we did in the more than four months of Model 3 production up to that point. This is why we were not able to deliver many of these cars during the holiday season, just before the quarter ended. Model 3 deliveries to non-employee customers are now accelerating rapidly, and we’re confident our customers will love them”, the company said.
As for 2018, Tesla expects to have a slightly more gradual ramp through Q1, likely ending the quarter at a weekly rate of about 2,500 Model 3 vehicles. The company intends to achieve the 5,000 per week milestone by the end of Q2.
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