Tesla delivers 100000 cars in 2017

Tesla delivers 100000 cars in 2017

But it was already hard to see how Tesla can sell the Model 3 at its $35,000 starting price and pull in 25 percent gross margins, which are typical of higher-end luxury cars, Brinkman said. During the company's third quarter, Tesla manufactured 260 Model 3s. Now, the company says it expects to be producing 2,500 Model 3s weekly in the first quarter 2018, and 5,000 weekly by the end of June.

"Perhaps the issues that have significantly hobbled the Model 3 ramp really can be fixed in a cost-effective manner and shortly cycled past (although this did not happen in 4Q)", Brinkman said.

The electric-car maker said on Wednesday that production of the new vehicle, the Model 3, in the final quarter of 2017 was far behind what its chief executive, Elon Musk, forecast when it went into production six months ago.

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"We're also very appreciative of our Model 3 customers, who continue to stick by us while patiently waiting for their cars". This was once again our all-time best quarter for combined Model S and X deliveries, representing a 27% increase over Q4 2016, and a 9% increase over Q3 2017, our previous best quarter.

In the U.S., the Model 3 will be priced from just $US35,000 ($44,500), putting in reach of many consumers who would normally opt for a petrol-powered passenger vehicle in the segment.

The Model 3 notwithstanding, Tesla did manage to enjoy a successful quarter overall; the company delivered more than 29,800 vehicles over the past three months, setting an all-time quarterly record in the process. This is the second time Tesla has punted on its 5,000-per-week milestone. While the Model 3 is finally getting into non-employee hands, there are still hundreds of thousands of customers with reservations. 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.

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