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Tesla Just Had Its Most Productive Quarter Ever

by Nicole Kobie: Tesla shipped 25,000 electric vehicles in the first quarter of the year, but will have to ramp up production to meet Model 3 demand…

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Tesla shipped a record 25,000 cars in the first quarter of this year, up by 69 per cent from the year before.

Of those, 13,450 were the Model S Sedan and 11,550 were the Model X sports utility vehicle, showing the latter was catching up with the the flagship vehicle. Tesla also posted a production record of 25,418 cars.

While Tesla makes up a tiny slice of the 77 million cars sold annually around the world, such figures show it’s on firmer footing than last year, when it repeatedly missed its own production targets.

However, it is going to have to step-up production significantly ahead of its next release, with hundreds of thousands of people already pre-ordering the lower-cost Model 3, with limited shipments expected to begin by the end of this year.

CEO and founder Elon Musk is — as usual — confident Tesla can meet demand, claiming the company will be churning out 500,000 vehicles a year by 2018.

Tesla noted that the real number of vehicles shipped this quarter is actually a shade higher than the figures suggest, as Tesla only counts a car as delivered once it’s actually in customers hands and “all the paperwork is correct” — a fairly straightforward definition of delivered. “Final numbers could vary by up to 0.5%,” it added.

It suggested momentum for next quarter was strong, with 4,650 cars already on their way to customers at the end of the month.

Source: Wired

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