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.
Sponsored · McLaren Resources Inc.
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.
