Tesla can pat itself on the back, as it made its fourth quarter vehicle production and deliveries statistics official on Friday. It's good news for the electric carmaker, which said it delivered 112,000 vehicles and produced 104,891 cars -- numbers that significantly beat Wall Street estimates.
Compared to Tesla's third quarter, that's a healthy. The remains the company's quickest-moving car; of the 112,000 cars delivered, 92,550 of them were Model 3s. Looking at the production figures, Tesla built 86,958 Model 3 vehicles, which makes up 83% of the total.
The overarching picture is pretty rosy for Tesla, too. The Q4 figures represent record numbers for the automaker. In total, the carmaker delivered 367,500 cars in 2019 -- up 50% from 2018, Tesla said.
As is always the case, no financial figures were part of the announcement. Those will come during the automaker's Q4 earnings announcement at a later date. Still, higher vehicle deliveries is a good sign for the company as it moves into the new year without a singleincentive at its disposal.
Tesla surprised with a, though it's safe to say the company is still finding its bearings. Certainly, compared to earlier reports, things don't seem nearly as dire as they once did. This year, we should see the start production, which figures to boost production figures even higher as well. At the same time, Tesla is likely hoping to ride the wave of "organic demand" it cited in Q3 to continue posting strong Model 3 sales.
As of this writing, Tesla's stock is up by more than 3% to $443.37 a share in early trading.