Tesla delivered more than 50000 vehicles in 2015

In the fourth quarter, Tesla said it had sold about 17,400 vehicles including 17,192 Model S sedans and 208 Model X SUVs according to Business Insider. That’s about 75% higher than Model S deliveries during the same quarter of a year ago.

But delivery numbers released Monday by the electric-vehicle maker also showed lagging production for its new Model X SUV. Additionally, Model X production continues to be well behind schedule, finishing 2015 at rates well below what many were hoping for.

Company delivered 17,400 vehicles in Q4.

The quarterly delivery number included 208 Model X vehicles.

Kallo had estimated the automaker would deliver 1,000 Model X SUVs in the fourth quarter.

As Tesla dealt with having more than one vehicle to manufacture, the automaker’s guidance had changed considerably throughout 2015.

Tesla Motors made good on a promise to ship the Model X before October – handing over six cars to founders at a late September launch party.

It’s the first trading day of the New Year, and Tesla Motors stock is tanking.

In 2014, Tesla managed to build a predicted 35,000 cars, but was unable to deliver them all in the calendar year, with some deliveries slipping into early 2015.

Tesla Motors Inc (NASDAQ:TSLA) is at $221.41 and still declining with the percentage of -7.82% right now.

“Tesla, at this point, is notorious for slow timelines and delivery”, said Jessica Caldwell, senior analyst at Edmunds.com. After all, the Model S is the highest rated auto of all in 2015.

It’s worth noting that Tesla’s production of more than 50,000 electric vehicles in the US far exceeded the volumes for the domestically produced Nissan Leaf and Chevrolet Volt. Norway is Tesla’s largest market in Europe as the nation offers a large swathe of subsidies and other benefits like ferry crossings and toll-free roads to owners of electric vehicles.

In 2013, the US National Highway Traffic Safety Administration opened an investigation into fires in the Tesla Model S that occurred when road debris struck the underbody of two of the vehicles.

A report by Clean Technica pointed out that production is starting to take off and the crossover should be churned out at about 800 units per week.

Despite significant consumer interest in the model, Tesla’s production capacity is now limited although it expects to ramp this up in the near future.