Tesla destroys estimates and delivers record number of vehicles in Q4, meeting annual guidance

Tesla Model 3 delivery

Tesla this morning announced their Q4 2019 delivery and production numbers, and it builds on a record Q3 with the California automaker setting a record of 112,000 vehicle deliveries.

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Tesla’s previous record number of deliveries came from Q3 2019 where they delivered 97,000 vehicles. The Tesla critics were calling for them to miss their annual guidance of 360,000 vehicles by delivering less than 100,000 vehicles in Q4, but like much of their history the Tesla critics were proven massively wrong once again.

In their release, Tesla confirmed production of 104,891 vehicles during the fourth quarter, which was also a new record for the company. With the 112,000 vehicles delivered during the final 3 months of the year, that brings their total deliveries for 2019 up to 367,500, meeting their annual guidance of between 360,000-400,000 vehicles.

Tesla Q4 2019 numbers

Tesla also noted the delivery numbers are conservative and could be even higher. This is because they only consider a vehicle delivered with it has been transferred to a customer with all paperwork complete.

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Tesla stock (TSLA) rose early on the record numbers from Tesla, up 5% and reaching a new high of $450 in the first few hours after trading began.

TSLA stock Jan 3

You can read the full press release here.

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