Tesla Delivered 10,030 Cars Last Quarter, Exceeding Its Forecast

Tesla Model S Electric Automobile
Tesla Model S Electric Automobile. The maker of the electric Model S sedan delivered 10,030 cars, the Palo Alto, California-based company said Friday in a statement. Photographer: Gianluca Colla/Bloomberg

Tesla Motors Inc., the carmaker led by billionaire Elon Musk, said deliveries rose 55 percent during the first three months of the year compared with 2014, beating its own guidance.

The maker of the electric Model S sedan delivered 10,030 cars, the Palo Alto, California-based company said Friday in a statement. That compares with Tesla’s February prediction of 9,500 vehicles for the first quarter.

Tesla, the youngest and smallest publicly traded U.S. automaker, is seeking to make electric cars for the masses by boosting production with the construction of a battery factory near Reno, Nevada. The company faces some challenges at home and abroad. In the U.S., the lowest gas prices in more than five years have made traditional cars more attractive to U.S. drivers.

Musk this week said in a posting on his Twitter account that Tesla would reveal “a major new product line -- not a car” on April 30. The announcement probably will be related to stationary storage batteries for residential customers, Trip Chowdhry, an analyst at Global Equities Research, said in a note.

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