Tesla (TSLA) Delivers 14,820 Vehicles in Q1; Affirms FY16 Delivery Outlook

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Tesla Delivers 14,820 Vehicles in Q1 2016; On Track for Full-Year Delivery Guidance

April 4, 2016 4:25 PM EDT

PALO ALTO, CA -- (Marketwired) -- 04/04/16 -- Tesla (NASDAQ: TSLA) Q1 deliveries consisted of 12,420 Model S vehicles and 2,400 Model X vehicles. Q1 deliveries were almost 50% more than Q1 last year and Tesla remains on track to deliver 80,000 to 90,000 new vehicles in 2016.

The Q1 delivery count was impacted by severe Model X supplier parts shortages in January and February that lasted much longer than initially expected. Once these issues were resolved, production and delivery rates improved dramatically. By the... More