Tesla gears down Q4 de­liv­er­ies

China Daily (Canada) - - VIEWS - By BLOOMBERG

Tesla Mo­tors Inc fell short of an­a­lysts’ es­ti­mates for fourth-quar­ter de­liv­er­ies, as pro­duc­tion de­lays con­tin­ued to plague the car­maker led by Chief Ex­ec­u­tive Of­fi­cer Elon Musk.

The Palo Alto, Cal­i­for­ni­abased maker of elec­tric cars and en­ergy-stor­age de­vices de­liv­ered about 22,200 ve­hi­cles in the fourth quar­ter, Tesla said on Tues­day.

That brought the year-end to­tal to 76,230, be­low Tesla’s guid­ance. In2015, Tesla de­liv­ered 50,658 ve­hi­cles and aimed for at least 80,000 in 2016.

The com­pany has been work­ing to keep sales of its Model S sedan and Model X SUV strong while con­sumers await the smaller, less-ex­pen­siveModel 3, which isn’t slated to be­gin pro­duc­tion in vol­ume un­til late 2017.

Over the hol­i­day week­end, Tesla said cus­tomers who or­der a ve­hi­cle be­fore Jan 15 will con­tinue to re­ceive free Su­per­charg­ing for long-distance travel. Af­ter that, cus­tomers will get about 1,000 miles (1,609 kilo­me­ters) of free Su­per­charg­ing cred­its, then face nom­i­nal fees, which will vary re­gion­ally based on the cost of elec­tric­ity.

The au­tomaker re­leases global sales fig­ures quar­terly, in­stead of the monthly coun­try-by-coun­try results typ­i­cal of other au­tomak­ers. The de­liv­ery count only in­cludes a car if it’s trans­ferred to the cus­tomer and all pa­per­work is cor­rect.


Jia Yuet­ing (left), founder and CEO of LeEco, shakes hands with Nick Samp­son, vice-pres­i­dent of Faraday Fu­ture, at the launch cer­e­mony of the FF 91, an in­ter­net-en­abled elec­tric car, in Las Ve­gas, on Tues­day.

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