Tesla Motors might not be the world’s biggest car manufacturer, but it does have a propensity for hogging the headlines with its fairly unique line of premium motors. That said, the Palo Alto-headquartered company has just reported its best ever quarter, selling 10,030 cars in Q1 2015.
This number represents a 55 percent increase on the same period last year, but what’s also notable here is that Tesla is now committing to reporting its new car delivery figures within three days of the end of each quarter. Why? Well, “because inaccurate sources of information are sometimes used by others to project the number of vehicle deliveries,” according to the press release. This also means that the actual final number may be slightly different, but this discrepancy should be “well under 1 percent,” according to Tesla.
Founded in 2003, Tesla produces a number of electric vehicles (EVs), including the upcoming Tesla Model X, but the company came to prominence initially with the Tesla Roadster, which was one of the first all-electric sports cars to hit U.S. highways en masse when it rolled out of production in 2008.
After ten years in business, Tesla turned its first profit back in 2013, and billionaire cofounder Elon Musk has been turning his attentions to other travel-themed initiatives of late, including super high-speed trains and space travel.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
Though Tesla has had its best quarter from a cars-delivered perspective, this doesn’t necessarily reflect its best quarter from a financial perspective. As Tesla notes:
This is only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
Tesla also pulled off one of the better April Fools’ jokes this week, when it poked fun at the Apple Watch — though ironically, Tesla is one company some Apple shareholders really wish the company would consider acquiring.
