For the first time in the short history of the company, Tesla has delivered more than 100,000 cars in a Quartal. In a press release, the company announced that 112,000 cars have been delivered from October 1 to December 31, 2019.
The result exceeds previous expectations. Internally, 105,000 deliveries had been set as the target. The result also led to a 5 percent jump in the share price. For a short time, the Tesla shares reached 454 dollars and a market valuation of more than 80 billion dollars (71 billion Euros).
Here is Tesla’s press release:
PALO ALTO, Calif., Jan. 03, 2020 (GLOBE NEWSWIRE) — In the fourth quarter, we achieved record production of almost 105,000 vehicles and record deliveries of approximately 112,000 vehicles. In 2019, we delivered approximately 367,500 vehicles, 50% more than the previous year and in line with our full year guidance.
|Production||Deliveries||Subject to lease accounting|
We continue to focus on expanding production in both the US as well as our newly launched facility in Shanghai. Despite breaking ground at Gigafactory Shanghai less than 12 months ago, we have already produced just under 1,000 customer salable cars and have begun deliveries. We have also demonstrated production run-rate capability of greater than 3,000 units per week, excluding local battery pack production which began in late December.
Lastly, we want to thank our customers, employees, suppliers, shareholders and supporters who made another record-breaking year possible.
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% or more. 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.
This article was also published in German.