Volkswagen ID.Buzz and ID.Buzz Cargo German pricing and spec revealed

More

Fully Electric Genesis GV60 Arrives in the United States, starts at MSRP of $58,890

More

2023 Cadillac Lyriq priced at $62,990, offers EPA-estimated 312 miles range

More

New Range Rover Sport debuts with new minimalist look, gets new PHEV powertrain

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Tesla reports Q1 results; to deliver 90k EVs this year; build 500k in 2018

Tesla Motors reported Q1 results that were largely in line with expectations.

Tesla reported Q1 deliveries of 14,810 vehicles, nearly in line with the figure announced in April. It expects to produce 20,000 in Q2, while delivering 17,000.

In addition, Tesla said it would be sticking by its promise to deliver 80,000 to 90,000 vehicles this year.

Tesla also said its ambitious plan to hit 500,000 annual cars produced by 2020 wasn’t ambitious enough. Now, it believes it will build that many in 2018.

The production ramp is in response to outsize enthusiasm for the Model 3, the lower-priced Tesla car that prompted hundreds of thousands of customers to plunk down a $1,000 deposit after it was introduced.

Tesla’s first-quarter loss was $282.3 million, compared with a loss of $154.2 million a year earlier.

The company’s overall quarterly revenue rose 22% to $1.15 billion from $940 million.

Tesla prefers to focus on its non-GAAP financial results, which are adjusted for employee stock compensation, leasing factors and other items, and those results were slightly better than analysts had expected.

The automaker’s non-GAAP loss in the quarter that ended March 31 was $75.3 million, or 57 cents a share.

In addition, 2,500 Powerwalls and nearly 100 Powerpacks delivered in the quarter for Tesla Energy.

May 5, 2016Blagojce Krivevski
UPS updates Workhorse E-GEN hybrid electric delivery vans for better fuel economyCalifornia invests $23.6m for electric drayage trucks at seaports
You Might Also Like
 
Tesla Model S Tops Consumer Reports Annual Satisfaction Ratings
 
Tesla recalls certain charging adapters after complaints of overheating
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

May 5, 2016 Electric Car Newstesla, tesla motors, Tesla Motors Sales, tesla sales
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Nissan unveils Sakura all-electric minivehicle in Japan
May 20, 2022
All-electric Freightliner eCascadia enters series production in North America
May 20, 2022
Vision AMG show car offers glimpse of all-electric future of Mercedes-AMG
May 20, 2022
Polestar reports strong start to 2022 with record sales and market expansion
May 20, 2022
Volvo Cars makes charging and paying easier than ever for pure electric Volvo drivers
May 20, 2022
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Nissan unveils Sakura all-electric minivehicle in Japan
May 20, 2022
All-electric Freightliner eCascadia enters series production in North America
May 20, 2022
Vision AMG show car offers glimpse of all-electric future of Mercedes-AMG
May 20, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.