Tesla deliveries were approximately 63,000 vehicles, which was 110% more than the same quarter last year, but 31% less than last quarter. This included approximately 50,900 Model 3 and 12,100 Model S and X.
In the first quarter, they produced approximately 77,100 total vehicles, consisting of 62,950 Model 3 and 14,150 Model S and X.
Due to a massive increase in deliveries in Europe and China, which at times exceeded 5x that of prior peak delivery levels, and many challenges encountered for the first time, we had only delivered half of the entire quarter’s numbers by March 21, ten days before end of quarter. This caused a large number of vehicle deliveries to shift to the second quarter. At the end of the first quarter, approximately 10,600 vehicles were in transit to customers globally.
Despite pull forward of demand from Q1 2019 into Q4 2018 due to the step down in the federal tax credit, US orders for Model 3 vehicles significantly outpaced what they were able to deliver in Q1. Tesla reaffirm their prior guidance of 360,000 to 400,000 vehicle deliveries in 2019.
SOURCE- Tesla
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Yup. But keep in mind while it is lower US is only a small part of international market. Also Tesla still does no marketing whatsoever. And they sold the most cars by far in same car segment.
Its time for them to adjust slightly as the company is maturing.
Demand in the US for the model 3 Long Range/Performance is down, that’s the highest margin. Which is what they are now shipping abroad. The only Tesla that is still in high demand in the US, is the cheaper standard range model 3, they make money on every car, but a lot less.
Whether Tesla makes it or not I think they have accomplished the goal of bringing electric cars into the mainstream. Heck, I followed a Model X into school dropping the kids off today.
Demand is not really and issue. Its true that Model X and S demand dropped due to way to good Model 3 but we will get refresh soon and it will balance things out. Model 3 is still as popular as ever and they barely started sending them to other markets finally and financials will be lagging behind due to the time req. to deliver car from US.
Its related to the fact much of cars are still in transit to other markets now so Q1 will be behind. Also last quarter was a mix of cars from two due to rush to get those cars before incentives. On top of that Q1 is always worse than any other quarter esp compared to Q4.
wow, surprising that Tesla is still having ramping up difficulties…unless of course it’s a much bigger problem (lack of demand).