{"id":19013,"date":"2017-04-03T20:48:56","date_gmt":"2017-04-03T12:48:56","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/tesla-reports-record-production-and-deliveries-as-it-closes-in-on-more-affordable-model-3\/"},"modified":"2017-04-03T20:48:56","modified_gmt":"2017-04-03T12:48:56","slug":"tesla-reports-record-production-and-deliveries-as-it-closes-in-on-more-affordable-model-3","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/tesla-reports-record-production-and-deliveries-as-it-closes-in-on-more-affordable-model-3\/","title":{"rendered":"Tesla reports record production and deliveries as it closes in on more affordable Model 3"},"content":{"rendered":"
\"Tesla
Tesla Motors\u2019 Model 3 electric car is due to go into production in later this year. (Tesla Photo)<\/figcaption><\/figure>\n

Tesla said it delivered more than 25,000 cars in the first quarter of the year, a record for the company and an increase of 69 percent over this time last year.<\/p>\n

Of those deliveries, which include only cars with completed paperwork that have been received by buyers, approximately 13,450 were the more than $70,000 Model S and another 11,550 were the more than $80,000 Model X. Tesla said another 4,650 vehicles were in transit to customers at the end of the quarter and did not factor into the first quarter numbers.<\/p>\n

Tesla also reported record production, as it completed 25,418 vehicles in the first quarter. Tesla has ambitious production goals well beyond this record quarter. The company has said it wants to produce 500,000 cars in 2018.<\/p>\n

Tesla stock is up more than 5 percent on the news of record production and deliveries. Tesla CEO Elon Musk sent out a cryptic tweet that appeared to paint today\u2019s gains as bad news for people looking to short the company\u2019s stock.<\/p>\n