Correction 2:25 p.m. Pacific: We’ve revised the story after misconstruing cars delivered for cars manufactured.
Tesla revealed today that it delivered 9,834 vehicles during its fourth fiscal quarter, missing its goal of delivering 33,000 cars for all of 2014 by more than 1,300.
Tesla needed to deliver approximately 11,179 vehicles to meet its own 2014 goals. Tesla originally anticipated it would deliver as many as 35,000 cars in 2014, but later lowered expectations — and rightly so. In 2014, Tesla ultimately delivered 31,655 cars.
Tesla shipped 21,821 cars during its first three fiscal quarters of 2014, with 6,457 vehicles delivered during Q1, 7,579 vehicles during Q2 and 7,785 vehicles during Q3. Clearly, the company’s quarterly delivery rate is up and to the right, but growth is not as steep as anticipated.
In 2015, Tesla says it predicts it will “deliver about 55,000 Model S and X vehicles, representing more than a 70 percent increase over 2014.” For the first fiscal quarter of 2015, Tesla aims to deliver “approximately 9,500 vehicles,” the company said in a statement.
For the fourth quarter, Tesla reported revenues of $1.1 billion and a loss per share of $0.13. Analysts had expected the company to report $1.23B in revenue on earnings of $0.32 per share. During regular trading, Tesla was down by 1.6 percent. At the time of writing, the company fell just 2.2 percent in after-hours trading.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more