Tesla Model 3 Production in Q4 crosses 51,490 Units: Bloomberg

Tesla has manufactured 51,490 Model 3s in the fourth quarter of 2018 and the company is now building 4,168 units per week, data from Bloomberg Model 3 tracker shows.


The Official Fourth Quarter 2018 Guidance: L

“Model 3 quarterly production and deliveries should continue to increase in Q4 compared to Q3. Our target of delivering 100,000 Model S and X vehicles this year remains unchanged.”

Will Tesla Reach its Q4 Guidance:

If Tesla sustains the current weekly production rate of 4,168 units, the electric car maker will build 58,039 Model 3 units in the fourth quarter, beating third-quarter production record of 53,239 units.

But Tesla is known for its end of quarter push and its highly likely that the company will push for 9,000 or 10,000 units of Model S,3,X production in the last week. There were media reports earlier this month that Tesla has already achieved a production rate of 1,000 Model 3s per day.

How many deliveries in the fourth quarter?

At the end of the third quarter, Tesla had 8,048 Model 3s in transit which will be accounted as deliveries in the fourth quarter.

If additional trucking capacity helps Tesla to deliver 95% of the cars the company builds in the fourth quarter, Tesla may exit the fourth quarter of 2018 delivering a record 60,000 to 65,000 Model 3 vehicles. That number may increase or decrease depending on how many vehicles the company builds in the last week of December and how many of them they can deliver before December 31st, 2018.

Elon Musk said last month that Tesla has acquired trucking capacity and secured contracts to help the company deliver vehicles in record time. As of today Tesla is still accepting orders for 2018 delivery.

Model S and Model X:

Tesla needs to deliver 28,240 Model S and X in the fourth quarter to reach their guidance of 100,000 units in 2018. When added to Model 3 deliveries, Tesla may deliver a record total of 90,000 to 93,000 Model S, 3 and X in the fourth quarter, which is nearly 90% of what the company delivered in the 12 months of 2017.