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Tesla’s Q4 Deliveries and Production Data: What to Expect

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Dec. 31 2018, Updated 3:09 p.m. ET

Tesla 

Tesla (TSLA) has been one of the handful of positive-return-yielding stocks in the fourth quarter so far. As of December 28, TSLA was trading with handsome 26.1% quarter-to-date gains against 14.7% and 18.2% losses in the S&P 500 benchmark and the NASDAQ Composite Index (QQQ)(VTI). Meanwhile, mainstream automakers General Motors (GM), Ford (F), and Fiat Chrysler (FCAU) were up 0.7%, down 15.6%, and down 17.6%, respectively. Tesla’s Chinese competitor NIO (NIO) has lost about 7.3% in the fourth quarter so far.

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Tesla’s Q4 deliveries and production

Tesla is expected to release its fourth-quarter vehicle deliveries and production data later this month. In the third quarter, Tesla delivered (IYK)(IWF)(XNTK) approximately 83,775 car units to customers with a year-over-year increase of about 220% from 26,137 vehicle units in the third quarter of 2017. These total car deliveries in the third quarter also reflected handsome 105% positive growth sequentially.

Tesla delivered 27,710 Model S and Model X units as well as 56,065 Model 3 units last quarter. With this positive growth in car deliveries (IWB)(XLY), TSLA managed to generate revenue of $3.4 billion from the automotive segment, about 47% higher on year-over-year and up 23% sequentially.

Tesla guided for delivery of about 100,000 Model S and X units without any key changes on a year-over-year basis. In the first three quarters, the company has already delivered ~71,760 units of these two models. It needs to deliver 28,240 more in the fourth quarter. According to the insideevs.com estimates, the company’s fourth-quarter deliveries could reach 100,000 units.

Despite significant growth in Tesla Model 3 production and deliveries in recent quarters, maintaining a consistent uptrend is important to make profits sustainable.

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