Tesla Announces 10,030 Q1 Global Delivieres in First Sales Report

Apr 03, 2015 02:46 PM EDT | Matt Mercuro


Tesla reached another big milestone on Friday, as the electric vehicle automaker announced it delivered 10,030 cars during the first quarter of 2015.

The new company record for the most deliveries in a single quarter represents a 55 percent increase overall compared to vehicles shipped out during Q1 of 2014, according to a Tesla release.

In the future, Tesla said they will publish the amount of new vehicle deliveries "within three days" of the end of a quarter, which is good news for Tesla owners and stock holders alike.

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

The automaker did add that the delivery count is just "one measure" of its financial performance and that it shouldn't "be relied on as an indicator of our quarterly financial results, which depend on a variety of factors."

Some factors that Tesla listed includes foreign exchange movements and the cost of sales.

Earlier this week, Tesla CEO Elon Musk tweeted out a number of statements about the company's China operations while also teasing a product line unveiling set to take place on April 30.

Musk has already confirmed the new product line won't be a new car, but it could be a Tesla-branded storage battery for homes, according to Reuters.

The big unveiling will take place at Tesla's Hawthorne Design Studio.

Tesla's stock has been on a rollercoaster for most of 2015, rising up and down due to investor concerns about the automaker's failure to reach sales targets in China.

The stock had fallen 14.1 percent this year, up to April 1's close of $191, according to Reuters.

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