In the first quarter of 2019
, Tesla delivered 63,000 vehicles, a 31 percent decline on the final quarter of last year when over 90,000 cars were delivered. Q1 deliveries included around 50,900 Model 3 and 12,100 Model S and X vehicles, numbers that did not match analysts' expectations. Tesla
also produced fewer vehicles with 77,100 cars emerging from the factory in Q1 2019, 11 percent lower than the 86,555 manufactured in Q4 of last year. This has been attributed to lower production volumes of the Model S and X - the company said it would no longer take orders for the 75 kWh version of both vehicles and that move probably contributed to the fall in production.
The record fall in deliveries was expected by most observers and several circumstances are behind it. Sales dramatically accelerated late last year as buyers tried to avail of a $7,500 tax credit which was subsequently cut in half. On top of that, the logistical deliveries of selling the Model 3 in Europe
has also caused considerable delays, pushing a large number of sales back to the second quarter. Despite the disappointing figures, Tesla reiterated its forecast of 360,000 to 400,000 vehicle deliveries for 2019. In the final two quarters of 2018, the company was profitable in line with rising Model 3 sales but it is now expected to post a first quarter loss in the coming weeks.