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…
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.
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.