Tesla Delivers 484,507 Vehicles In Fourth Quarter

Tesla (NASDAQ: TSLA) is reporting this morning that it has produced 494,989 vehicles while delivering 484,507 in the fourth quarter. Reuters analysts had estimated deliveries of 473,253 units.

Broken down, the electric vehicle maker reported that it managed to deliver 461,538 units of Model 3’s and Y’s. The model S and X meanwhile were notably relegated to the “other models” category for the first time, which were presumably combined with Cybertruck figures, which combined for 22,969 vehicle deliveries.

For the full fiscal year, the automaker produced 1,845,985 vehicles, while delivering 1,808,581 vehicles. Model 3/Y accounted for 1,739,707 of those deliveries.

READ: Tesla Accidentally Revealed High Failure Rate In Defending Itself From Reuters

Notably, the company is facing challenges as it heads into the new year, with the Model 3’s rear-wheel drive and long range variants no longer qualifying for federal tax credits of $7,500 due to battery material sourcing requirements not being met.


Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

PMET Resources: Lithium Feasibility Study Sees Economics Tumble

Gold Is Not Rising. Confidence Is Collapsing | Todd “Bubba” Horwitz

IAMGOLD: The Quebec Buying Spree

Recommended

PTX Metals Compiles Geophysical Data For W2 Project Following Magnetic Survey

Altamira Gold Sees Aura Minerals Increase Stake To 18.2%

Related News

NTSB Criticizes Tesla for Failing to Address Autopilot Safety Recommendations Issued 4 Years Ago

Tesla (NASDAQ: TSLA) is in the hot seat once again, this time over failing to...

Tuesday, October 26, 2021, 02:48:00 PM

Elon Musk’s Twitter Obsession Is Hurting Tesla; Stock Has Been Taken Off Wedbush’s ‘Best Ideas’ List

Elon Musk’s role as the new owner of Twitter is getting in the way of...

Sunday, November 13, 2022, 01:17:00 PM

Tesla’s Largest Retail Shareholder Says Elon Musk Is a ‘Magician’ Who’s Only in it ‘for Money and Power’

Tesla (Nasdaq: TSLA) is holding a vote on CEO Elon Musk’s 2018 compensation package, which...

Monday, May 6, 2024, 02:11:00 PM

Cathie Wood’s ARK Invest Moves Price Target For Tesla To $2,000 Per Share

By this time, it’s borderline amazing how ARK Invest chief Cathie Wood moves the stocks...

Friday, April 21, 2023, 11:07:00 AM

India Lures Tesla With Offer of Cheaper Manufacturing Costs Than China

In an effort to increase India’s production capacity, the country’s transport minister has made an...

Friday, March 5, 2021, 11:47:00 AM