Tesla Motors (TSLA) delivered 10,030 vehicles during the first quarter of 2015, a 55% increase from the corresponding period in 2014, according to a company statement issued Friday morning.
Tesla had forecast that it would sell 9,500 vehicles in the quarter.
The disclosure, coming three days after the first quarter ends, proves that Elon Musk’s company, whose stock is being pressured by short optimism, is doing fine.
In a printed release, Tesla said:
“Tesla Motors 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.”
Tesla shares closed Thursday’s trade up 1.8% at $191 per share. The name has declined 5.65% in the last 4 weeks and 14.12% in the past three months. Over the past 5 trading sessions the stock has gained 0.31%. Shares of Tesla Motors, Inc. are down 14.12% this year.
Risk Our Money Not Yours | Get 50% Off Any Account
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply