Tesla Tops Wall Street Estimates With 112,000 Vehicle Deliveries In Fourth Quarter

SpankiMonki shares a report from CNBC: Tesla said it delivered 92,550 Model 3 cars and 19,450 Model S and X vehicles during the fourth quarter. The company was expected to deliver 87,900 Model 3, 9,800 Model S and 9,300 Model X vehicles, according to an average of analysts surveyed by FactSet. Investors were also watching production numbers. In the second and third quarters of 2019, Tesla delivered more cars than it produced. The production versus deliveries gap widened in the fourth quarter. In the third quarter, Tesla manufactured 96,155 vehicles and delivered 97,000 vehicles. In the fourth quarter, it manufactured 104,891 vehicles and delivered 112,000. The electric-car maker said it has produced just under 1,000 cars that are ready for sale at its new factory in Shanghai. Tesla started delivering vehicles to Chinese customers late last month.

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