Tesla tops quarterly sales forecast

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Tesla tops quarterly

WASHINGTON: Tesla sold more than 25,000 vehicles in the first quarter, a record that beat analysts’ forecasts, the electric carmaker said Sunday.

The Palo Alto, California-based carmaker saw deliveries bounce back by 69 per cent compared to a rough first quarter in 2016. Tesla produced 25,418 vehicles, a bit above its prior record in the third quarter of 2016.

That puts Tesla on track to meet its target of 50,000 units in the first half of the year. In the first quarter it delivered 13,450 of the Model S and 11,550 of the larger Model X.

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