Tesla has registered a massive new batch of Model 3 vehicles with NHTSA to produce in the next few weeks.
When producing vehicles in the US, automakers have to register the cars’ Vehicle Identification Numbers (VIN) with the National Highway Traffic Safety Administration.
We have been tracking those new VINs as part of Tesla’s Model 3 production ramp up.
Over the last few months, Tesla’s Model 3 production stopped ramping up and stabilized at around 5,000 units per week.
Now, we can look at the new VIN registrations to get an idea of the mix of Model 3 vehicles that Tesla is producing.
Today, the company registered a massive batch of almost 40,000 Model 3 vehicles:
#Tesla registered 39,680 new #Model3 VINs. ~40% estimated to be dual motor. ~47% estimated to be International. Highest VIN is 407324. https://t.co/UDFWnDicn2
— Model 3 VINs (@Model3VINs) April 29, 2019
According to Model 3 VINs on Twitter, which has been tracking Tesla’s VIN registrations, about 40% of the Model 3 vehicles in this batch are equipped with a dual motor powertrain.
Interestingly, it also looks like 47% of the Model 3’s are going to be exported outside of the country.
It’s unclear how long Tesla will take to produce those ~40,000 Model 3 vehicles. Automakers sometimes register VINs months ahead of time.
There are some interesting data points.
Last quarter, Tesla was focusing on European and Chinese markets, but it now looks like Tesla is now down to a healthy 50/50 mix of international and domestic orders.
I think that mix is going to increase to 60/40 (international/domestic) in the near future and eventually, I can see them hitting 70/30 at some point.
The mix of dual motor vs single motor is also interesting because we have to remember that Tesla is still only really selling dual motor Model 3 vehicles with Long Range battery pack.
Therefore, it means that almost half of the Model 3 buyers are still going with the longer range versions of the Model 3 despite those versions of the vehicle being available for a while now. It explains the ~$50,000 average sale price of the Model 3.
What do you think? Let us know in the comment section below.
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