Tesla Hits Low End of Goal, Shipping 17,400 Autos in Quarter
- Maker of electric cars delivers 50,580 vehicles for the year
- Deliveries included 208 Model X sport utility vehicles
Tesla's Speed Bump: Slow Start for Model X SUV Deliveries
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Billionaire Elon Musk’s Tesla Motors Inc. hit the low end of its latest target to deliver at least 50,000 vehicles for the year, shipping 17,400 in the fourth quarter. The shares fell the most in more than two months.
The maker of electric cars and energy storage devices delivered 50,580 Model S sedans and Model X sport utility vehicles in 2015, Tesla said in a statement Sunday. While that’s less than the 55,000 Tesla had projected in a February letter to shareholders, it was within the range of its revised estimate of 50,000 to 52,000 from November.