Tesla sales up from 16 689 Model S cars sold in 2014, to 25 202 during 2015! Production and deliveries for their new more affordable Model 3 start in 2017!
The California based company, owned by South African tech entrepreneur, Elon Musk, is driving the market for electric cars. While Tesla sales are on the rise, the company reported a fourth quarter loss of $320 million on revenue of $1.2 billion. They are however investing heavily into new vehicle and battery technology, which should pay off in the long run.
Tesla announced that its Model 3, by far its cheapest car to date, would debut in March this year – with production and deliveries beginning in 2017!
A more affordable car should drive Tesla sales even higher in the near future, with the Model 3 coming in at half the price of its current best-selling vehicle.
A shareholder letter said the company is seeing,
“Growing worldwide demand for Tesla vehicles, supported by record production,”
and that deliveries rose by more than 50% in the fourth quarter relative to the previous period.
“For 2016, we are planning for even faster delivery growth than last year,”
Tesla sales only amount to a fraction of the luxury car segment, however they have a loyal user base and high demand, proving Tesla’s value to customers. This is certainly having an impact on the market and hopefully steering other manufacturers towards more environmentally sustainable, electric vehicles.
While these other manufacturers rush to produce their own electric vehicles, Tesla sales are growing from strength to strength.
In the fourth quarter,
“We increased global deliveries over 76% year-on-year as Model S market share gains continued in every geographic region,”
the letter said.
“In the US, just over three years after entering the market, Model S took share from all incumbent manufacturers to become the number one selling comparably priced four-door sedan. In fact, Model S was the only vehicle in its class with growing sales last year.”
Tesla sales in the past quarter included 206 of its newest vehicle, the Model X, which includes “falcon wing doors” and a panoramic windshield, with a price starting at $130,000.
But it anticipates a Model X production rate of 1,000 vehicles a week in the second quarter of the year.
Tesla said it expects to deliver 80,000 to 90,000 Model S and Model X vehicles in 2016, with the more expensive version getting a bigger share as the year goes on.
“Achieving these results in 2016 should leave us well positioned for 2017, when we plan to launch Model 3 and take another significant step towards our mission of accelerating the world’s transition to sustainable transportation,”
said the letter from Musk and chief financial officer Jason Wheeler.
Source: Timeslive
