Tesla Beats Estimate With 25,000 Deliveries as Model 3 Nears
- Results on track to reach Musk’s goal of 50,000 through June
- Electric-car maker to build lower-price model this summer
Tesla Sets Record for Deliveries, Production
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Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts’ estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July.
The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year’s first three months, Palo Alto, California-based Tesla said in a statement Sunday. That topped the average forecast of 24,200 from three analysts and should bolster confidence in Tesla’s target of delivering as many as 50,000 autos in this year’s first half.