Credit: Data for chart retrieved form SEC filings for quarters shown. Chart source: authorOn Sunday, electric-car maker Tesla Motors reported fourth-quarter deliveries at the low end of its guidance range. It was the company's biggest quarter by far, also marking its fastest year-over-year and sequential growth in deliveries in the past nine quarters. Here's a closer look.
Data for chart retrieved form SEC filings for quarters shown. Chart source: author
In 2016, there's a good chance Tesla's year-over-year growth could exceed 60%. With demand for the Model S still on the rise and over 25,000 deposit-backed orders for the Model X on the company's books, 2016 should be another year of considerable growth. Tesla wrote in its third-quarter letter to shareholders that management believed it could "average production and deliveries of 1,600 to 1,800 vehicles per week for Model S and Model X combined during 2016," this implies 83,200 to 93,600 deliveries during the year, or 65% to 85% year-over-year growth.
With Tesla shares down about 7% on Monday at the time of this writing, the market doesn't seem particularly happy with the company's deliveries at the low-end of its quarterly guidance range. But it's also not clear whether a recent Model S fire in Norway at a temporary Supercharger location, which occurred while the car was charging, could be driving some of this sell-off. Tesla is currently investigating the fire and told The Wall Street Journal it will share its findings "as soon as possible."
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The article Tesla Motors, Inc. Q4 Deliveries Jump 50% From Q3 originally appeared on Fool.com.
Daniel Sparks owns shares of Tesla Motors. The Motley Fool owns shares of and recommends Tesla Motors. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
