Tesla reports record car deliveries in a record quarter

by SpeedLux
Tesla Model X

In a record quarter, Tesla delivered simply more than 25,000 cars in the first 3 months of the year.

The electric automaker stated that was a 70% increase on the exact same period of 2016.

It is a rebound for the United States company after production issues in 2016 resulted in a 9% drop in deliveries in the fourth quarter.

Tesla was founded in 2003 and owned by Elon Musk, who also owns the space rocket company, SpaceX.

Recently China’s Tencent Holdings purchased a 5% stake in Tesla for nearly $1.8 billion.

That was an increase for the company which has been investing greatly in raising production and faces a pricey year, with the release of the new Model 3.

It is a medium-sized vehicle which Tesla refer as its “most affordable” car yet and it hopes will attract mass market.

The Model 3 is set tp go on sale in the US this year priced at $35,000.

That would be considerably more affordable than Tesla’s present models – the Model X, an SUV, and the Model S, a stylish saloon, both priced over $70,000.

In the first quarter Tesla provided 13,450 Model S cars and 11,550 of the Model X.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.