Tesla Delivers 10,030 Vehicles in Q1 of 2015

RobStark · Apr 3, 2015

SOURCE: Tesla Motors, Inc.

April 03, 2015 09:00 ET

Tesla Delivers 10,030 Vehicles in Q1 of 2015

PALO ALTO, CA--(Marketwired - Apr 3, 2015) - Tesla Motors (NASDAQ: TSLA) delivered 10,030 cars in Q1 of 2015, which is a new company record for the most deliveries in a quarter and represents a 55% increase over Q1 last year.

Going forward, Tesla will publish the number of new car deliveries within three days of quarter end. We have decided to take this approach, because inaccurate sources of information are sometimes used by others to project the number of vehicle deliveries.

There may be small changes to this delivery count (usually well under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct.

Also, this is only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

ABOUT TESLA
Tesla Motors' (NASDAQ: TSLA) goal is to accelerate the world's transition to sustainable transport with a full range of increasingly affordable electric cars. California-based Tesla designs and manufactures electric vehicles, as well as EV powertrain components. Tesla has delivered nearly 70,000 electric vehicles to customers worldwide.

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http://www.marketwired.com/press-rel...la-2006611.htm

stephenpace · Apr 3, 2015

I hear some shorts burning.

Electric700 · Apr 3, 2015

Awesome news!!

Thanks for posting that.

ScepticMatt · Apr 3, 2015

boom.

Johan · Apr 3, 2015

Pre announcement. Nice.

Solid beat.

Hear the beat drop

Forty Creek · Apr 3, 2015

Nice numbers! I think it's good that Tesla is doing this now. It will end a lot of speculation.

Krugerrand · Apr 3, 2015

Forty Creek said:
Nice numbers! I think it's good that Tesla is doing this now. It will end a lot of speculation.

It ends *this* spot of speculation, but there's still plenty for people to guess about. And they will, including the analysts and article writers.

Sgt Barone · Apr 3, 2015

And boom goes the dynamite.

RobStark · Apr 3, 2015

This probably means a guidance of 12k for Q2 2015.

WarrenInCA · Apr 3, 2015

Is it ok to try to use the Fremont supercharger now that the end of quarter rush is over?

MSEV · Apr 3, 2015

Wasn't it 33,000 for the year last year? Divided by four, that would be 8250 per quarter. That is a nice increase. I hope they are feeling good about it.

RobStark · Apr 3, 2015

Wolfgang Nomayer · Apr 3, 2015

I bet the big 3, and a few german automakers are having a minor TIA!

Cattledog · Apr 4, 2015

RobStark said:
This probably means a guidance of 12k for Q2 2015.

Should, if they are producing 40% of their cars in the first half, 40% of 55K is 22K, subtract 10K from this quarter and you'd expect 12K in Q2.

I'll hazard a guess at Q3 and Q4, 15K and 18K.

MSEV · Apr 4, 2015

Nice graph, Rob. Very helpful.

hobbes · Apr 4, 2015

MSEV said:
Nice graph, Rob. Very helpful.

Like it, too. Find it especially interesting that from that graph, Q4 2014 actually looks better than Q1 2015 (higher up relative to linear fit to the data) while the general perception is quite the opposite.

hobbes · Apr 5, 2015

hobbes said:
Like it, too. Find it especially interesting that from that graph, Q4 2014 actually looks better than Q1 2015 (higher up relative to linear fit to the data) while the general perception is quite the opposite.

Just found the explanation for that in uselesslogin´s post in the other thread: Two more weeks of production in Q4/14 than Q1/15!

2015 Q1 Discussion thread for Delivery numbers, Earnings Report and Conference Call

sickfox · Apr 5, 2015

+1 :biggrin: they actually added additional charging station (not superchargers) behind the waiting area. I don't think it's for customer use. I just saw it a couple of days ago

WarrenInCA said:
Is it ok to try to use the Fremont supercharger now that the end of quarter rush is over?

belltown99 · Apr 7, 2015

Don't get me wrong--I'm a big fan to TSLA, but thought this piece was interesting from the WSJ as a counterpoint. The author looks at metrics beyond just the number of cars delivered to value the company.

Teslaâ€™s Speed Isnâ€™t the Whole Story -- Heard on the Street - WSJ

SebastianR · Apr 7, 2015

belltown99 said:
Don't get me wrong--I'm a big fan to TSLA, but thought this piece was interesting from the WSJ as a counterpoint. The author looks at metrics beyond just the number of cars delivered to value the company.

Teslaâ€™s Speed Isnâ€™t the Whole Story -- Heard on the Street - WSJ

It is a bad article. Aside from FUD, I don't see any new information. The whole article is full of speculation "might / could / should" and comes back to the basic premise that yes, Tesla projected a growth and that growth has not been realized yet (as logically the year is not over yet).

If you compare Q1 2013 numbers to Q4 2013 numbers you could write the exact same WSJ article today. These articles were around back then, they will be around in future, too.

I remember that before the Model S was released, the common tune of the FUD was "nobody has ever designed a car from scratch and engineered it successfully", then when it was built the tune was along the lines of "well, they build XX hundreds, that's easy. Now the hard part comes: building XX thousands".

I'm really tired of these articles. I want new, intelligent and good bear stories, not the old, dumb, rehashed and stupid ones!

Tesla Delivers 10,030 Vehicles in Q1 of 2015

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