Tesla Delivered 1550 Model 3s In Fourth Quarter, Production Plans Pushed Back Again

Tesla has fallen short of Wall Street expectations by revealing that it delivered just 1550 examples of the Model 3 in the fourth quarter of 2017.

Confirmation of these lower-than-expected delivery figures come just a couple of days after the Californian EV startup pushed back its target of producing 5000 Model 3 sedans per week until the end of the second quarter. Tesla initially intended on reaching this mark at the end of December.

On the back of these revelations, shares in Tesla fell by 1.7 per cent to $312 in after-market trading.

Many analysts believed Model 3 production would ramp up significantly in the fourth quarter this year and that roughly 4100 examples would be delivered.

Beyond the Model 3, Tesla says it delivered 15,200 Model S vehicles and 13,120 Model X SUVs in the fourth quarter, bringing total deliveries up to 29,870.

In a statement, Tesla said Model 3 production is increasing.

“In the last seven working days of the quarter, we made 793 Model 3s, and in the last few days, we hit a production rate on each of our manufacturing lines that extrapolates to over 1,000 Model 3s per week.”

PHOTO GALLERY

  • Nick099

    No need to worry…Musk just publicly released a battery-powered plane concept.
    Production is promised to start in six months.
    Share prices expected to recover in short order.

    • McF1

      I am expecting the announcement of an electric powered submarine concept before the end of this quarter. 🙂

  • McF1

    “…Many analysts believed Model 3 production would ramp up…”.
    This statement is a falsehood, analysts were told by Tesla that production would ramp up and thereby reported as such.

    • Smith

      … and those same analysts went out an coned a billion more dollars out of unsuspecting (and stupid) investors because they all believe the word of this megalomaniac.

  • TheBelltower

    Meanwhile, VW has been teasing a bus concept since the 90s. Chevy promised the Camaro for a decade before delivering. Toyota has been promising the Supra for the past seven years, at least. All of those are conventional vehicles based on existing technology and platforms. Tesla is still a new car company, and each car they launch is a new category for them. People need to stop whining about schedules.

    • ace_9

      The problem is that people did not pay anything in advance for VW bus, Camaro or Supra. If someone collects some money in advance, then it is really important to keep the deadlines. People tend to be sensitive about their money 🙂

      • TheBelltower

        True. Tesla does need to be better with this. Though the deposit was only 1k, and is refundable. With a waiting list of 400,000, no one should expect to get their car soon.

        • ace_9

          That is why I think they will not succeed in future competition with other big car manufacturers that are starting with electric cars. VW for example is planning to make a lot of electric vehicles in many categories and price ranges. Maybe its time for Tesla to just sell the technology or to focus only on personal cars, not start with trucks, pickups, rockets, planes, hyperloops, etc. when the company is not very well from financial point of view.

          • TheBelltower

            I’ve heard this argument, and it may be true. However Tesla has a lot going for it that other automakers don’t.

            First, they only build electric vehicles. That matters because they are not in the pocket of the same groups that conventional automakers are. Not oil companies, not suppliers, not legislators who are funded by these groups. I don’t think anyone should underestimate how influential these groups are when companies are beholden to them. Many of the negative articles you read about Tesla are written by people linked to these groups. EV’s have always existed, but these articles are becoming more common because the shift in the industry scares the crap out of many people with financial interest in conventional transportation.

            Second, Tesla has the infrastructure to support their vehicles. From supercharger locations, to solar to destination charging locations, to battery backup systems. Tesla was the first to do this, while all of the other automakers combined haven’t been able offer a reliable charging infrastructure. I know this because I own an i3, and the public charging network is truly pathetic. The downtime of public chargers are not treated with the same importance as if a gas station pump goes offline. I also own a Tesla, and the charging network is infinitely more reliable. I strongly believe that automakers haven’t built this infrastructure because of my first point. Because of the relative high-net-worth of Tesla owners (myself excluded,) Townships and retailers are begging Tesla to build charging locations in their area. Tesla was first, and it’s not a given that other automakers will receive the same level of enthusiasm if they were to develop their own.

            Third, Tesla has managed to build a global direct-to-consumer sales channel. No dealer mafia to deal with. If anyone has any doubt about how harmful it is to rely on third-party dealers to sell your product, take a look at the difficulty de Nysschen at Cadillac has been having in his attempts to elevate their dealerships to a higher level. Cadillac House in Manhattan is stunning and is how all dealers should look. Yet Cadillac dealers still have Nascar posters on the wall, and Cadillacs are parked alongside GMC dump trucks. I love the CTS-V, but the customer experience isn’t nearly good enough. In order to be nimble and responsive to the marketplace, Tesla realized that it is necessary to have full control of their dealers, manage the customer experience and service level. Conventional car dealers make a fortune off of service, and aren’t interested in the relative maintenance free nature of EVs. And because Tesla showrooms and service centers are wholly owned, they are set up to fix EV’s and EV’s alone.

            Lastly, I also believe that people are excited about Elon’s pie-in-the-sky mentality. He doesn’t deliver on everything… I’m reluctant to call them “promises.” But he delivers on enough that people know that he means what he says, that he’s achieved some amazing $h!t, and that the odds are good. Compare that to anything that Akio or Mary have announced. Do most people even know who Akio or Mary are? And is anyone interested?

          • ace_9

            Ok, you are probably right about the fact that car companies are pushed to produce IC cars. Overall the car industry is relatively conservative. But not the manufacturers are starting to see the interest in EVs and probably all bigger car companies are going to build EVs just because they also want some piece of the cake. And about the charging infrastructure and sales channel. This is only true in your country. In Europe it is actually not that bright either, but having Tesla is not really an advantage here. There is small amount of chargers, but usually they support also other EVs, not only Teslas. Actually the price of Tesla cars is one of the main reasons why many people does not even consider Tesla even if they are going to buy an EV. And the dealers and car shop infrastructure for Teslas is also not very good. Especially in smaller countries. But of course I agree that Elon is a very competent entrepreneur and technological visionary. I just think that he is trying to do too much at once in current situation.

        • Smith

          The deposit is only refundable if the company has the funds to make the refund. Burning cash at the rate of $250 million per quarter in losses does not appear to help this case, and then their new investment of billions for a semi truck development and a super car development and a few trips to Mars and a Chicago Hyper Loop, and you really think you are going to get your miserable little $1,000 back. You won’t even make the top 10,000 on the creditors list.

      • Smith

        Yes, in the real world they call this a Ponzi scheme and they lock people away for taking money and not delivering …

        • ace_9

          It certainly might go that way. Because if company would be in huge debt, then returning the down-payments to ordinary people would be one of the last things on the to-do list when company announces bankrupt.

    • Tesla Shareholders the Problem

      The problem with Tesla is not so much Musk as it is its shareholders who push Tesla like a neighbor’s dog constantly trying to hump your leg when you visit that neighbor—it’s annoying and you want to cease talking with that neighbor altogether. Or, whack that neighbor upside their head for not training their dog properly.

    • 2sfhim

      You don’t understand that neither VW or Toyota said they were making it. They said they would maybe produce it in the future. They never unveiled a definitive model and put it on sale. Tesla launched a model which was and still is not finished.

      • TheBelltower

        You’re right, I did give extreme examples that were never promised. Though VW has said for over a decade that they’d be building the bus. The latest not-promise from VW is 2020. Many automakers announce cars that are delayed. Tesla finished the 3 and it is fully developed. They are rolling out slower than expected, and has a waiting list of 400,000 buyers that will take years to accommodate.

      • THEY DON’T HAVE THE BALLS. EVERYONE IS WHINING ABOUT TESLA BUT THEY HAVE LAID THE GROUNDWORK FOR ALL ELECTRICS TO COME. LOOK AT THE ARTICLE ABOUT FISKER NOT ABLE TO GET HIS GRAPHENE BATTERIES AND ASKING THE OIL COMPANIES TO BUILD CHARGING PORTS. IF ELON AND HIS WILD DREAMS HADN’T COME ALONG THERE’D BE NO VIABLE ELECTRICS, LOOK AT GM’S EV1.

        • 2sfhim

          Have an issue with writing in small letters? In any case you just ignore the fact that other carmakers have build thousands of viable electric cars before Tesla.

          • GIVEN THE SIZE OF THOSE OTHER CAR MAKERS THEIR NUMBERS ARE MINUSCULE IN COMPARISON. EXCUSE AFTER EXCUSE WHY THEY CAN’T DO IT YET COMPELLED BECAUSE TESLA HAS ALREADY SUCCEEDED.

    • Smith

      Wow, Mr. Positive, seeing Elon as half full instead of half empty, unbelievable. You must live in a state where pot is legal. Your comparisons are nothing like the situation with Tesla, it is like saying I will produce 500,000 cars next year and I will also go to Mars, and I will produce a $120,000 semi truck that can accelerate from 0-60 in 3.0 secs with 400 mile range and have it in production in 12 to 18 month … oh wait! BTW, during the time that VW, Chevy and Toyota made those product plans and assist the market potential correctly to be sure they would sell and be successful, they sold millions and millions and millions of other cars and trucks and on and on and on, every year. So don’t go quoting totally useless BS.

      • TheBelltower

        Mr. Flat-Earth,

        The automakers you mentioned are doing what? Besides building the same stuff they’ve always built using tractor-based technology, catering to the Chinese marketplace and ignoring the interests of the US market, while putting forth a dishonest attempt at building clean vehicle tech. I walk past my three ICE vehicles and get in my Model X, and it’s the only one that I know will start in todays freezing weather. I can drive it anywhere I want to from NY to Florida, in spite of people saying it’s not practical. I can charge it using the sun for zero $. Once the electrician gets around to installing it, my house will stay powered if the grid goes down from the Powerwall in the basement. Last we’ve seen, our boy Elon is sending rockets up, digging tunnels, supplementing Australia’s grid. Those things are all real and happening regardless of your “I don’t see it so I don’t believe it”attitude. Tesla also happens to be the most American auto brand of any that you mentioned. Even if Tesla goes belly up tomorrow, the market demand for all of this exists and isn’t going away. And there’s the excitement of hundreds of thousands of people with reservations to incentivize Tesla/Elon to follow through on all of it. So yep… I’ll side with all that, and not downers like you.

  • ace_9

    Is the trunk somehow open on the car in the picture or it is just so much out of proper placement ? The panel gap above the left rear light is awful and it looks like the whole trunk is mounted too much to the right side.

    • Kash

      The plate is has “MFG” on the side which means “manufacturer” so the car in the picture is a prototype, not an actual consumer car, hence the horrendous panel gap, but I’ve seen some similar flaws on cars delivered to customers

  • Smith

    Wow, 1,000 Model 3 per week, that s 50,000 per year and only 450,000 short of where they planned to be by this time, and they are going to have a semi truck in production in 12 to 18 months, just keep those investments coming, it is going to get harder from here and they are going to need billions more to support their ‘green’ addiction. And the shares only dropped a smudge so no worries, everyone knows he can pull this off, why? because Elon says so and that is all that matters.

    • YOU SEEM TO FORGET THAT PEOPLE WHO BUY TESLA’S KNOW WHAT THEY’RE GETTING INTO. THEY KNOW AHEAD OF TIME THEY ARE PART OF AN EXPERIMENT THAT FEATURES CAN BE GIVEN AND TAKEN AWAY AS A PART OF THE ONGOING TESTING. WOULD I TOLERATE IT? PROBABLY NOT BUT PEOPLE WHO PUT DOWN THEIR MONEY KNEW THE CAR WOULDN’T BE READY ANY TIME SOON.

  • Kagan

    It is as hard to manufacture as to develop a car.

  • LWOAP

    Any criticism I could have said has already been said. This is just sad. At this rate, it’ll take them over a decade just to get all the Model 3s out to their customers.

  • Moveon Libtards

    Bradley spinning the TRUTH again…

    Tesla Bonds Tumble – Now ‘Riskier’ Than Indonesia
    Zerohedge dot com
    Profile picture for user Tyler Durden
    by Tyler Durden
    Thu, 01/04/2018 – 15:48

    After missing expectations for Model 3 deliveries (by 50%), delaying production goals once again, it appears the bond market is starting to give up on Elon Musk’s dreams for Tesla’s future.

  • Moveon Libtards

    “On the back of these revelations, shares in Tesla fell by 1.7 per cent to $312 in after-market trading.”

    Nice spin, Bradley. You “forgot” to tell the masses that Tesla stock is DOWN 30% in less than 6 months and is about to drop like a rock soon. Only so much hype can prop up the BS.

  • jsz00

    Elon and Tesla are the masters of hype

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