Tesla Motors announced today that the electric car company delivered 10,030 cars in the first quarter of 2015.
Tesla Motors broke another record. Today the electric car pioneer announced that they have delivered 10,030 cars in the first quarter of 2015. This is the most cars delivered in a quarter and represents a 55% increase over Q1 last year.
Tesla Motors says in the announcement that the company will publish the number of new car deliveries within three days of quarter end in the future. Telsa decided to that because of inaccurate 3rd party sources of information are sometimes used by others to project the number of vehicle deliveries.
Tesla Motor's CEO Elon Musk made some waves a couple days ago announcing that Tesla Motors will reveal a new product line that is not a car end of April. The news sent the Tesla stock up.
Tesla Motors (TSLA) trades today at $191. The stock was already as high as $291.42. At 10,000 cars a quarter, Tesla is still a dwarf car manufacturer. This is also the reason why the stock predictions of analysts go as high as $1,000. If Tesla grows to the scale of just a mid-range car brand it would be immense valuable. For instance BMW's Mini shipped 300,000 cars in 2014.
The electric car market is still at its beginning. Tesla is on the front of the movement. Let's see where the road goes.
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Disclaimer: I some own Tesla stock.