Tesla Motors Inc (TSLA)’s path to 55K Vehicle Deliveries in 2015
Tesla Motors Inc (NASDAQ:TSLA) hopes to reach 55,000-vehicle deliveries in 2015, combing the Model S and Model X SUV, which is coming later this year. At 55,000 car deliveries, Tesla is modeling for a 70% uptick in deliveries from the previous year.
Tesla Motors Inc (NASDAQ:TSLA) said it delivered 10,030 cars in the first quarter of 2015, but hopes it can do more in the balance of the year to hit its 55,000 target. The company will have to deliver no less than 15,000 cars in each of the remaining quarters to meet its ambitious delivery goal.
All of the 10,030 Tesla says it delivered in quarter one were the Model S nameplate, given that Tesla currently has no other vehicle on the market until later this year.
China could hurt Tesla’s sales target
Tesla Motors Inc (NASDAQ:TSLA) hopes that the launch of its Model X SUV, sometime in the third quarter, will go a long way into boosting overall sales this year. However, the fact the Tesla is facing challenges in China, especially because of charging problems, may hamper the company’s sales target. China is a key market for automakers, given that sales of cars and light trucks in the country are expected to reach 20 million units, compared to about 16 million in the U.S., yet China remains a troubling location for Tesla.
20,000 deliveries in first-half 2015
According to the early predictions, Tesla Motors Inc (NASDAQ:TSLA) targeted 20,000 deliveries in the first half of 2015. If that remains the target, then it means the company only has to make 10,000 deliveries in the current quarter to reach that goal. However, given the new forecast of 55,000 deliveries in 2015, if Tesla only meets its 20,000 delivery target for the first half, it means the company would have to work harder in the second half to register at least 35,000 deliveries.
Early indications for strong demand
Tesla Motors Inc (NASDAQ:TSLA) looks to the Model X SUV to ignite sales this year. The company disclosed that it entered 2015 with about 20,000 preorders for Model X, and more than 10,000 orders for Model S.
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