TSLA

Tesla Q1 Deliveries Increase

(RTTNews) - Tesla Inc. delivered about 88,400 vehicles in the first-quarter of 2020, compared to 63,000 vehicles last year.

The deliveries include 76,200 Model 3 sedans and Model Y cross-over SUVs; and 12,200 Model S and X vehicles.

Luxury carmaker said it produced almost 103,000 vehicles in the quarter, compared to 77,100 vehicles in the prior year.

The company said that Model Y production started in January and deliveries began in March, significantly ahead of schedule. In addition, its Shanghai factory continued to achieve record levels of production, despite significant setbacks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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