Tesla vows to exceed delivery of 50,580 cars in 2016

Tesla says it delivered 50,580 electric vehicles (EVs) in 2015 and is on track to scale up production in the year ahead. Production of the new Model X "has been increasing exponentially," the company announced yesterday, adding that it's on track to begin producing 238 Model X SUVs per week. In Q4 2015, Tesla set a new record by delivering 17,400 EVs, well above its previous record of 11,603 set in the third quarter of 2015. Of those 17,400, only 208 were Model X, while 17,192 were Model S EVs. While the number of annual deliveries was at the low end of guidance given in October "between 50,000 and 55,000" and Elon Musk's initial estimate in March that the company would reach 55,000, Tesla's production of more than 50,000 electric vehicles in the US far exceeded the volumes for the domestically produced Nissan Leaf and Chevrolet Volt. With the Gigafactory in Nevada just about ready to go, it is hoped that Tesla's widely-predicted production increase for this year should be easily achievable.

Tesla Motors said on Sunday that it delivered 17,400 electric cars during the fourth quarter of last year, from September 1 through December 31.

Of those, 17,192 were Model S sedans and 208 were the newly launched Model X crossover utility vehicle.

That brings Tesla's total deliveries for the calendar year 2015 to 50,557 vehicles, slightly above its revised guidance of 50,000 to 55,000 vehicles for the year.

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The delivery total for 2015 represents an increase of 60 percent over the 2014 total of 31,655 Model S cars.

While it still refuses to report standard monthly U.S. sales like other carmakers, Tesla Motors now reports quarterly global deliveries of its electric cars within a few days after the close of the quarter.

During the third quarter of last year--July through September--Tesla said last week that it delivered 11,580 cars, all but six of them presumably the Model S.

Scene from Tesla Model X production video

In a note accompanying the 2015 year-end delivery figures, Tesla noted:

Model X deliveries are in line with the very early stages of our Model X production ramp as we prioritize quality above all else.

That ramp has been increasing exponentially, with the daily production rate in the last week of the year tracking to production of 238 Model X vehicles per week.

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As the company has worked to get its Model X into volume production, financial analysts have focused much attention on the pace of the production increase.

The company had earlier guided analysts to expect Q4 delivery numbers of 17,000 to 19,000 units, so the final figure was on the low side of the midpoint of its average.

While Model X deliveries may have been lower than some hoped, the company said its 17,192 Model S cars in the fourth quarter represented deliveries 75 percent higher than the same quarter of 2014.

2012 Tesla Model S beta vehicle, Fremont, CA, October 2011

That number was also an all-time quarterly record, 48 percent above the previous highest quarter's deliveries for the Model S.

It's worth noting that Tesla's production of more than 50,000 electric vehicles in the U.S. far exceeded the volumes for the domestically produced Nissan Leaf and Chevrolet Volt.

Those two vehicles are likely to end 2015 with sales of perhaps 18,000 and 15,000 respectively.

MORE: Tesla Transparency On Orders, Sales, Production Fades: Do Owners, Investors Care?:

Still, more than a year ago, CEO Elon Musk said Tesla hoped to enter 2016 at a production rate of 2,000 cars per week, split between the Model S and Model X.

Thus far, it remains some distance from that goal.

EDITOR'S NOTE: An earlier version of this article used an incorrect figure of "about 35,000" for Tesla's 2014 deliveries. That number referred to its 2014 production; the correct number for 2014 deliveries is 31,655. We apologize for the error.

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