Tesla Delivered 10,030 Cars in Q1, Up 55%

Cars and Drivers

Published: April 3, 2015 9:10 am

Last Updated: April 3, 2015 9:33 am

Tesla Motors Inc. (NASDAQ: TSLA) naysayers who have dropped the shares near 52-week lows have new information to contend with. The car company sold 10,030 vehicles in the first quarter. Elon Musk will not have to wait for his upcoming “surprise” announcement to prove his car manufacturer is doing fine.

The announcement:

Tesla Motors (NASDAQ: TSLA) delivered 10,030 cars in Q1 of 2015, which is a new company record for the most deliveries in a quarter and represents a 55% increase over Q1 last year.

Going forward, Tesla will publish the number of new car deliveries within three days of quarter end. We have decided to take this approach, because inaccurate sources of information are sometimes used by others to project the number of vehicle deliveries.

There may be small changes to this delivery count (usually well under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct.

Also, this is only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

ALSO READ: Bracing for a New Product Line From Tesla, and Not a New Car

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