Tesla's electric car production touches 50,000 mark

Ahead of the Consumer Electronics Show in Las Vegas, Tesla Motors revealed that in the year 2015, the company has surpassed 50,000 mark in deliveries of its luxury electric vehicles. With this, the company ensured a 50 percent increase in deliveries in the fourth quarter from Q3.

In the fourth quarter of 2015, Tesla Motors delivered 17,400 vehicles, pushing its full-year deliveries over 50,580. The company claims that the fourth-quarter deliveries were 48 percent higher than the previous highest quarter, marking it company’s biggest quarter ever.

It is worth mentioning that the figures were 75 per cent higher than the same quarter in 2014, as reported by The Wall Street Journal. In the year 2014, the total number of deliveries was merely 31,650.

Initially, the Palo Alto-based electric-car maker planned about 5,000 of these total deliveries to be its new SUV launched in September 2015. According to a report in USA Today, Tesla confirmed that it delivered 208 of the Model X SUVs. The company said that it had manufactured 507 Model X vehicles during the quarter among which some units will be delivered in Q1 2016.

With the increasing demand for the Model S and 25,000 orders for the Model X, it is assumed that in this year Tesla’s year-over-year growth could exceed 60 percent. A report in NASDAQ reveals that Tesla aims an average production of 1600-1800 of Model S and Model X vehicles per week throughout 2016 . This means, the company targets to complete 83,200 to 93,600 deliveries in the year 2016.

In the meantime, Faraday Future announced an all-electric car concept which can prove to be a ‘Tesla killer’ at the CES 2016. The revolutionary FFZERO1 delivers a whopping 1,000 horsepower, enabling the car to go up from 0 to 60 mph in under three seconds. The unique single-seat concept of all-electric car is inspired by NASA zero gravity design and will be built on “variable platform architecture.”