Tesla’s 2Q17 deliveries
In 2Q17, Tesla (TSLA) delivered more than 22,000 cars to its customers. It included about 12,000 Model S and ~10,000 Model X. Total deliveries rose 53.0% YoY (year-over-year) but fell about 12.0% QoQ (quarter-over-quarter). In the previous quarter, the company delivered about 25,051 car units.
Tesla’s 2Q17 vehicle production
Tesla’s 2Q17 car production was 25,708 units. That was a rise of about 40.1% from its production of 18,345 car units in the corresponding quarter of the previous year.
The company produced 1.1% fewer cars in the previous quarter, which stood at 25,418. That QoQ change didn’t show any major improvement in its car production rate. According to the company’s press release on July 3, 2017, the slow growth was due to “a severe production shortfall of 100 kWh battery packs, which are made using new technologies on new production lines.”
1H17 deliveries and production
In the first half of 2017, Tesla managed to significantly improve its vehicle deliveries and production rate on a year-over-year basis. In that period, about 47,100 vehicles were delivered, which was a ~75.0% increase from the first half of 2016. Similarly, its production data for the first half of 2017 was strong at 51,126, which was about a 51.0% increase YoY.
In the next part, we’ll see how Tesla’s 2Q17 vehicle deliveries and production data could affect its stock.