- Tesla (NASDAQ:TSLA) discloses that Q4 production was 86,555 vehicles.
- The quarterly tally includes 61,394 Model 3 vehicles, in line with the company's guidance and 15% higher than the Q3 mark. 25,161 Model S and X vehicles were produced, which Tesla says is consistent with the long-term run rate goal of ~100K per year.
- Tesla says Q4 deliveries came in at 90,700 vehicles, including 63,150 Model 3 (vs. 63.7 consensus estimate), 13,500 Model S, and 14,050 Model X vehicles.
- For the full year, Tesla delivered a total of 245,240 vehicles, consisting of 145,846 Model 3 vehicles and 99,394 Model S and X vehicles.
- Tesla says its inventory levels remain the smallest in the automotive industry.
- On an important final note, Tesla says it's reducing the price of Model S, Model X and Model 3 vehicles in the U.S. by $2K to counterbalance in part the reduction of the EV tax credit.
- TSLA -7.2% premarket to $309.09.
- Source: Press Release
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