In a matter on Wednesday, Tesla pronounced that it had delivered 1,550 Model 3 vehicles in the fourth entertain of 2017. This is a step up from the 260-odd vehicles that had been delivered in Q3 after the behind indication was launched in July, but a poignant stretch brief of what industry-watchers had hoped.
Tesla pronounced in last quarter’s financial call that the unsatisfactory Q3 Model 3 prolongation numbers were the outcome of prolongation bottlenecks caused by a sub-contractor at the Gigafactory, the company’s large battery bureau outward of Reno, Nevada. But Tesla CEO Elon Musk pronounced that, by the finish of Q1 2018, the company would be churning out Model 3s at a rate of 5,000 cars per week.
In today’s statement, however, Tesla practiced that projection downward.
“As we continue to concentration on peculiarity and potency rather than simply pulling for the top probable volume in the shortest duration of time, we design to have a somewhat some-more light ramp by Q1, likely finale the entertain at a weekly rate of about 2,500 Model 3 vehicles,” Tesla wrote. “We intend to grasp the 5,000 per week miracle by the finish of Q2.”
Tesla also remarkable that it had actually constructed 2,425 Model 3 vehicles in the final quarter, but it only depends as “delivered” those vehicles that are eliminated to the patron with all paperwork correct. Tesla pronounced that its prolongation rates increasing extremely in the last few days of the quarter, where it “hit a prolongation rate on any of the prolongation lines that extrapolates to over 1,000 Model 3s per week.”
Even counting “produced” cars, though, Tesla appears to have unhappy analysts. According to Reuters, firms likely deliveries between 5,800 on the high finish to 2,250 on the low end.
Tesla’s future is tied closely to the guarantee of the Model 3, a no-frills sedan that’s roughly half the cost of a low-end oppulance Model S and Model X. Musk has pronounced that his Model 3 is dictated to be an electric automobile for the budget-conscious, and its growth would be subsidized by the glitzier older models.
Those older models seem to still be selling well, according to Tesla. In Q4, the company delivered 15,200 Model S vehicles and 13,120 Model X vehicles. Tesla wrote that those numbers were record for the company, “representing a 27-percent boost over Q4 2016 and a 9-percent boost over Q3 2017.”
The Model X, too was primarily tormented by prolongation issues after it debuted in 2015, nonetheless those problems stemmed from too much complexity, according to the company’s CEO. The Model 3 was designed to be a simplified car, easy to pull out on an public line at a high rate.
Interestingly, according to InsideEVs, in Q4 2017 GM delivered 8,995 Chevy Bolts—the Tesla Model 3′s primary aspirant on operation and price.