As always, Tesla Motors’ situation in the global market is a bit of a mixed bag. Sales in China – a major growth target for the electric carmaker – have been dismally low, and as always, the marque refuses to release any exact figures.
Meanwhile, we can’t discount the company’s victories: Autoblog reports that in its most recent shareholder letter, Tesla Motors announced that it had built 11,627 vehicles in the fourth quarter of last year, delivering 9,834 over the same period. What that means is that the company accomplished its projected 2014 goal of building 35,000 vehicles, despite complications introduced with the launch of the “D”-badged all-wheel drive variants.
Fireworks and fanfare? Not quite. Tesla Motors reported a loss of $107.6 million in Q4 2014, which equates to 86 cents per share. The automaker also posted revenue which fell short of expectations, at $1.1 billion.
But happily, Tesla Motors seems resolved to make good on its promise of Model X crossover deliveries commencing within about 6 months, in Q3 2015. At the beginning of the year, Tesla set a target to increase customer deliveries by more than 70 percent in 2015, and claimed it had 10,000 orders for the Model S sedan plus 20,000 reservations for the Model X. Combined, these sales alone would soak up more than half of Tesla Motors’ intended 55,000 deliveries for the year.
That is, if they can just get the cars out the door.