Source: Tesla Q4 2018 Vehicle Production & Deliveries, Also Announcing $2,000 Price Reduction in US | Tesla, Inc. PALO ALTO, Calif., Jan. 02, 2019 (GLOBE NEWSWIRE) -- In Q4, we produced and delivered at the rate of nearly 1,000 vehicles per day, setting new company records for both production and deliveries. Production in Q4 grew to 86,555 vehicles, 8% more than our prior all-time high in Q3. This included: 61,394 Model 3 vehicles, in line with our guidance and 15% more than Q3. 25,161 Model S and X vehicles, consistent with our long-term run rate of approximately 100,000 per year. Q4 deliveries grew to 90,700 vehicles, which was 8% more than our prior all time-high in Q3. This included 63,150 Model 3 (13% growth over Q3), 13,500 Model S, and 14,050 Model X vehicles. In 2018, we delivered a total of 245,240 vehicles: 145,846 Model 3 and 99,394 Model S and X. To put our growth into perspective, we delivered almost as many vehicles in 2018 as we did in all prior years combined. Our Q4 Model 3 deliveries were limited to mid- and higher-priced variants, cash/loan transactions, and North American customers only. More than three quarters of Model 3 orders in Q4 came from new customers, rather than reservation holders. There remain significant opportunities to continue to grow Model 3 sales by expanding to international markets, introducing lower-priced variants and offering leasing. International deliveries in Europe and China will start in February 2019. Expansion of Model 3 sales to other markets, including with a right-hand drive variant, will occur later in 2019. 1,010 Model 3 vehicles and 1,897 Model S and X vehicles were in transit to customers at the end of Q4, and will be delivered in early Q1 2019. Our inventory levels remain the smallest in the automotive industry, and we were able to reduce vehicles in transit to customers by significantly improving our logistics system in North America. Moving beyond the success of Q4, we are taking steps to partially absorb the reduction of the federal EV tax credit (which, as of January 1st, dropped from $7,500 to $3,750). Starting today, we are reducing the price of Model S, Model X and Model 3 vehicles in the U.S. by $2,000. Customers can apply to receive the $3,750 federal tax credit for new deliveries starting on January 1, 2019, and may also be eligible for several state and local electric vehicle and utility incentives, which range up to $4,000. Combined with the reduced costs of maintenance and of charging a Tesla versus paying for gas at the pump – which can result in up to $100 per month or more in savings – this means our vehicles are even more affordable than similarly priced gasoline vehicles. Tesla’s achievements in 2018 likely represent the biggest single-year growth in the history of the automotive industry. We started the year with a delivery run rate of about 120,000 vehicles per year and ended it at more than 350,000 vehicles per year – an increase of almost 3X. As a result, we’re starting to make a tangible impact on accelerating the world to sustainable energy. Additionally, 2018 was the first time in decades that an American car – the Model 3 – was the best-selling premium vehicle in the U.S. for the full year, with U.S. sales of Model 3 roughly double those of the runner up. We want to thank our customers, suppliers, investors, and especially our employees, who worked so hard to accomplish this. *************** Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q4 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles. Forward-Looking Statements Certain statements herein, including statements regarding growing the addressable market for Model 3, such as our plans and timing for international expansion, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information. Bob Wilson
Not now. My thinking is Friday, March 29. Have a bank loan arranged for what I want to pay and let the Tesla store staff deal with the details. The fall back, Friday June 28. Bob Wilson
but they will have to have one available. unlikely, but even if they did, it would be above my pay grade
I doubt it, Elon knows he can't afford financially to build inventory cars. If there were any cars available at that time, they would likely be rejects from other buyers, cars that were damaged in transit and had to be repaired, or cars with a couple hundred miles on them for various reasons. (I know this for certain since the first VIN assigned to me did not pass muster and had to be reworked before I ever saw it. Tesla then assigned me a newer VIN) These cars might be perfectly fine, but the buyer would have to decide whether they wanted to pay full pop for it. Tesla does not "wheel and deal" on individual cars. It is not the way they market their product, maybe way in the future, but not now.
If you are looking for a Model 3, there are two other items to be considered beyond the tax rebate. 1. Will your build have the improved headlights? 2. Will your build have the 3.0 hardware to support autonomous driving from the factory?
Autonomous driving is predicated on DOT approval, & that may be more years out then many car owners actually own their cars. .
Well...even with 2K off..it's still nowhere near 35K yet. When is the fabled 35K version due to be released?
Actually, at most you can. Tesla, a few months ago, started shipping a few Model 3s to each sales location so people could walk in, buy one and walk out. I know of someone that did this at the Minneapolis service center. That said, I don't know what sort of variety is available. I am sure the quantity of available cars depends largely on the location and ability to deal with inventory onsite.
If that’s the case, they don’t do on line inventory? I read something about their program being hacked
No, they don't. They do have a CPO inventory online, although I don't follow it much, I never heard anything about it being hacked.
https://www.ebay.com/itm/2018-Tesla-Other/113324840463?hash=item1a62afd60f:g:wtAAAOSw6M9bzjI-&vxp=mtr for just $9K more, & gently used, you can now get almost all the options, long range. By the middle of this new year? Used prices should really get interesting. .
I saw it on a google hit when trying to find the ‘3,000 in inventory’, but didn’t read it I didn’t see any local cpo either
Although the previous headlights were good, Tesla has improved them to make them even better. My car has the new headlights and they are superior. Many speculate that the $35K car will be released 7/1/19 when the tax credit is further reduced to $1875. It is all about demand and stimulating demand.............and making Tesla profitable. It will be interesting to see what the new Congress does (if anything) about the EV tax credit. GM reached the 200K threshold in Q4/18 so their tax credit is phasing out too. That means the current tax credit now favors European and Asian built cars to the detriment of American builders. I can see that this will become a topic of discussion.
