Tesla Earnings Review: Small Margin & Production Improvements In Q1 Too Small For 2015 Targets

The automaker delivered a record 10,045 vehicles this quarter and produced 11,160 vehicles this quarter, exceeding its production target by 10%. The Silicon Valley-based company produced more than 1,000 vehicles per week on average this quarter, and recorded successful launches of the 85D and 70D Model S vehicles. The auto maker is targeting 55,000 deliveries for the year and how close the company comes to meeting that target will depend to a large extent on the successful launch of the Model X, which is scheduled for the market in late Q3.

Vía Forbes Real Time http://ift.tt/1csAAFp