Tesla tops 50k deliveries in 2015

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PALO ALTO, CALIF. – Tesla’s Q4 performance of its Model S was 48 per cent over its previous quarterly record and approximately 75 per cent higher than Q4 2014.

The electric automaker says it delivered 17,192 Model S vehicles and 208 Model X vehicles in Q4 2015. Approximately 507 Model X vehicles were produced during Q4 with the remainder to be delivered in early Q1 2016.

The company says Model X deliveries are in line with the very early stages of its production ramp. Daily production rate in the last week of the year was tracking to production of 238 Model X units per week.

Total deliveries in 2015 hit 50,580.

Last year was a pivotal one for the Palo Alto automaker. In addition to growing its retail network globally and continuing its effort on supercharger networks in Canada and abroad, the company welcomed its third-ever nameplate to the fold in September.

Model X was dubbed the safest, fastest and most capable sport utility vehicle in history.

At the fall launch event, company CEO Elon Musk revealed that 25,000 orders had already been placed for the luxury SUV.

Its earnings guidance also changed during the year as the relatively young auto company had to learn on the fly, particularly with building two vehicles on the same assembly line in its facility in Fremont, Calif.