Tesla 2016 production of 84,000 new cars an increase of 64%

- Jan 06, 2017-

In the fourth quarter of 2016, Tesla produced 24,882 units of new cars, the annual total production of new cars 83922 units. Compared with 2015, the output increase of up to 64%.

In 2016, Tesla delivered a total of 76,230 units to the owner of the new car. New vehicle deliveries in the fourth quarter were 22,200 units, including 12,700 Model S and 9,500 Model Xs. Tesla counted the number of deliveries only after a vehicle had been delivered to the customer and completed all the formalities, so the fourth quarter statistics were slightly conservative.

By the end of October 2016 to the beginning of December, Tesla began production of vehicles equipped with fully automatic driving hardware, which is undoubtedly a challenge for the production line, resulting in the fourth quarter vehicle production task, to the end of the quarter significantly extended. Tesla said that although the ultimate goal of achieving production, but production and vehicle transport to Europe and Asia, the delay in the delivery of the fourth quarter had an impact.

Tesla tried to speed up the process by the end of 2016 to complete customer delivery as soon as possible, but still compared to the scheduled point in time to delay some. In the fourth quarter of 2016, about 2,750 vehicles were not included in the delivery figures, either because of delays in delivery or due to the inability of customers to deliver at the end of the year. Even if the customer had paid for the entire vehicle, Tesla did not include those vehicles in the fourth quarter.

In addition, there are 6450 vehicles still in transit. These vehicles will be included in the first quarter of 2017 delivery figures.

In the fourth quarter of 2016, Model S and Model X orders again hit a record high, an increase of 24%. Compared with the same period last year, Model S and Model X orders increased by 52%.

Tesla's automotive deliveries represent only one of the many measures of corporate financial performance. In addition, the cost of sales, foreign exchange movements, direct vehicle leasing and other measures are Tesla's financial performance factors.