logo |

News

    Home   >     Industry    >     Main body

    Tesla's Model 3 and Model Y could dominate the Model S and Model X this year - Business Insider

    Abstract:Tesla said on Wednesday that its factories could make up to 550,000 Model 3s and Model Ys this year, compared to 90,000 Model S and Model X vehicles.

      Sales of Tesla's two lowest-priced vehicles could dominate its two higher-priced vehicles this year.Tesla said on Wednesday that its factories could make up to 550,000 Model 3s and Model Ys this year, compared to 90,000 Model S and Model X vehicles.The Model 3 starts at $33,990 and the Model Y starts at $52,990, while the Model S and Model X start at $79,990 and $84,990, respectively.The Model 3 accounted for 82% of Tesla's sales in 2019, up from 59% in 2018.Visit Business Insider's homepage for more stories.

      Tesla's production capacity for its Model 3 sedan and upcoming Model Y SUV could result in the vehicles dominating the electric-car maker's sales mix this year.The company said on Wednesday that it has the capacity at its Fremont, California, factory to make up to 400,000 Model 3 and Model Y vehicles, combined, this year, compared to 90,000 Model S sedans and Model X SUVs. Tesla says it also has the capacity to make up to 150,000 Model 3s this year at its new factory in Shanghai.The Model 3 starts at $33,990 and the Model Y starts at $52,990, well below the Model S and Model X, which start at $79,990 and $84,990, respectively.Based on its production capacity, the Model 3 and Model Y could account for a significant majority of Tesla's 2020 sales. After setting a sales record of 367,500 vehicles last year, the company said it expects sales to “comfortably exceed” 500,000 this year. The Model 3 accounted for 82% of Tesla's sales in 2019, up from 59% in 2018.Preparations for Model Y production are ahead of schedule, Tesla said, with the first deliveries set to begin by the end of March.

      While a further shift toward less expensive vehicles will likely dent the profit Tesla makes on each one, higher volumes and a more efficient production process could offset that effect, leading to higher overall profits. While Tesla has not yet made a profit over a 12-month period in its 17-year history, its 2019 results represented an improvement over 2018. During 2019, Tesla lost $4.92 per share on revenue of $24.6 billion, compared to a loss of $5.72 per share and revenue of $21.5 billion in 2018.And Tesla's 2019 fourth-quarter earnings beat analysts' estimates. While analysts expected an adjusted profit of $1.74 per share and $7.1 billion in revenue, Tesla made $2.14 per share on revenue of $7.4 billion. Are you a current or former Tesla employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can also reach out on Signal at 646-768-4712 or email this reporter's encrypted address at mmatousek@protonmail.com.

      Read more:Tesla stock pops 7% after it had another profitable quarter and said it's ahead of schedule with Model Y productionTesla's electric-car business is now so good that it might be able to forget about self-driving cars. That could be a significant bonus for the company.Elon Musk's road to a $55 billion payday is as complicated and full of detours as a video game — and he just unlocked the first levelTesla CEO Elon Musk was spotted cruising in the futuristic Cybertruck again

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.