Tesla tops 11,000 vehicles delivered in second quarter

Tesla tops 11,000 vehicles delivered in second quarter
In this May 14, 2015, file photo, Tesla Model S cars are shown in the Tesla factory in Fremont, Calif. Tesla's second-quarter deliveries surged 52 percent to set a company record exceeding 11,000 vehicles, the electric car maker said Thursday, July 2, 2015. (AP Photo/Jeff Chiu, File)

Electric car maker Tesla's second-quarter deliveries surged 52 percent to set a company record exceeding 11,000 vehicles.

The Palo Alto, California, company had surpassed 10,000 vehicles for the first time in the first three months of the year and on Thursday said it had broken that record, delivering 11,507 vehicles.

Tesla makes only one car, the Model S sedan, but CEO Elon Musk said last month he expects to begin deliveries of an SUV, the Model X, in three or four months. Tesla began 2015 with 20,000 reservations for the Model X. The company has said it plans to deliver 55,000 Model S sedans and Model X SUVs this year.

The car maker cautioned on Thursday that record deliveries are not an indicator of overall financial results. The company has consistently lost money as it ramps up production. Despite record sales in the first quarter, Tesla lost $154 million.

Musk has said the company hopes to reveal a prototype of its next vehicle, the Model 3 sedan, in March. The new model will cost around half the $70,000 starting price of a Model S and will likely go on sale at the end of 2017.

Shares of Tesla Motors Inc. climbed 4 percent, or $10.87, to close at $280.02 on Thursday. The stock is up 22 percent over the past year.


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Jul 02, 2015
Yup, a hundred-thousand or so cars per year is a drop in the bucket, . . but the most important drop in that bucket. All three American car companies are opening up engineering centers in Silicon Valley to try to "catch" the "secret". But it does not take a "secret:", it takes folk you used to mock, those who were never in your thinking "box".

You do not like many of us with ideas, because you do not know how we came up with them. It is called integration, the understanding of fundamentals with the ability to see scenarios in toto, to feel how the entire system works, without having to go step-by-step, like linear thinkers.

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