Uh Oh, Tesla's Model X Looks Like It's A Flop

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It might be too early to tell.

Tesla has just released its quarterly numbers and the automaker has had a great fourth quarter. The EV wizards delivered 17,400 vehicles in the fourth quarter and hit its target of at least 50,000 vehicles for the year. In a recent statement, the automaker stated that it reached a total of 50,580 deliveries in 2015. While that's good news, the fourth-quarter results were at the low end of the automaker's target of 17,000 to 19,000 vehicles after selling 33,180 units through September.

Jason Davis

That's a lot of vehicles over a period of one year, but the bad part relates to the Tesla Model X. After a high profile launch on September 29, Tesla has only delivered 208 Model X vehicles. Even Tesla's CEO Elon Musk has voiced the challenges behind selling the electric crossover. Will the Model X bring the electric automaker's profits down? Only time will tell, but it looks like the Model S is the saving grace of the company.

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