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North America headquartered automaker Tesla has announced a new quarterly record with deliveries in 2017 up 69% over year-on-year.
Between January and March 2017, Tesla delivered just over 25,000 vehicles, of which approximately 13,450 were Model S and 11,550 were Model X. This represents a new quarterly record for the California based premium electric vehicle manufacturer; a 69% increase over the first quarter of 2016.
In addition, to these deliveries about 4,650 vehicles were in transit to customers at the end of the quarter, which will be counted as deliveries in the second quarter of 2017. “Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%”, says Tesla in a statement.
Total production in the first quarter of 2017 totalled 25,418 vehicles, setting another quarterly record for the manufacturer.
The Company also highlights that these vehicle deliveries represent only one measure of its financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.