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Cars
Published on April 3, 2019 |
by Zachary Shahan
April 3, 2019 by Zachary Shahan
Tesla delivered 110% more vehicles in the first quarter of 2019 compared to the first quarter of 2018. Total shipments for the first quarter of 2019 were about 63,000.
That said, deliveries were 31% lower in the fourth quarter of 2018, due in particular to the high number of vehicles in transit, more than 10,000. Deliveries were broken down as follows:
- 50,900 Tesla Model 3
- 12 100 Tesla, models S and X (not sure of the exact division)
With regard to production, the figures were of course higher than the deliveries: 77,100. These were broken down as follows:
- 62,950 Tesla Model 3
- 14 150 Tesla Model S and X
In fact, the S & X figures are quite interesting and I will have to go back to an old article to discuss, but it will be a story for another day.
We will have more to discuss first quarter numbers – a lot more. For the moment, however, it's at 2:30 am where I am based. This is most of Tesla's press releases on figures for more context.
Due to a mbadive increase in deliveries in Europe and China, which has sometimes been multiplied by five compared to previous peak levels, and by many challenges encountered for the first time, we had delivered only half of the quarter's numbers to March 21, ten days before. end of the quarter. This resulted in a large number of vehicle deliveries in the second quarter. At the end of the first quarter, approximately 10,600 vehicles were in transit to customers around the world.
Due to lower than expected delivery volumes and several price adjustments, we expect a negative impact on first quarter net earnings. Nevertheless, we ended the quarter with enough cash.
In North America, Model 3 was once again the best-selling mid-size luxury sedan, with 60% more vehicles than second-prize. Inventories of model 3 vehicles in North America remain exceptionally low, reaching about two weeks of inventory at the end of the first quarter, compared to the industry average of 2-3 months.
Despite the contraction in demand from the first quarter of 2019 to the fourth quarter of 2018 due to the reduction in federal tax credit, US orders for Model 3 vehicles have far exceeded what we have been able to deliver in the first quarter. We reaffirm our previous forecast of 360,000 to 400,000 vehicle deliveries in 2019.
Given that Tesla's vehicle production currently comes from a single plant located in the San Francisco Bay Area, but that it must be delivered to customers around the world, production could be significantly higher to shipments, as was the case this quarter, when production exceeded deliveries by 22%.
We have just started the global expansion of Model 3 and wish to thank our employees for their hard work and our customers for supporting our mission. We are doing everything in our power to deliver cars around the world as quickly as possible and hope to continue to evolve deliveries throughout the year.
Keywords: China Tesla, Tesla Deliveries, Tesla Model 3 Deliveries, Tesla Model 3 Deliveries, Tesla Model 3 Deliveries, Tesla Model S Deliveries, Tesla Model S Deliveries, Tesla Model S Sales, Tesla Model X, Tesla Model X Deliveries, Tesla Model X Sales, Tesla Sales
About the author
Zachary Shahan Zach tries to help the society to help herself (and other species). He spends most of his time here CleanTechnica as director and editor. He is also the president of Important media and the director / founder of Obsession EV and Solar love. Zach is recognized worldwide as an expert in electric vehicles, solar energy and energy storage. He has lectured on clean technologies at conferences in India, the United Arab Emirates, Ukraine, Poland, Germany, the Netherlands, the United States and Canada.
Zach has long-term investments in TSLA, FSLR, SPWR, SEDG and ABB. After years devoted to sun protection and electric vehicles, he simply has a lot of confidence in these companies and has the impression that they are good clean tech companies in which to invest. it does not offer any professional investment advice and should not be held responsible for your loss of money, so do not rush.
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