Tesla Model S Hits Sales Milestone | Edmunds

Tesla Model S Hits Sales Milestone

PALO ALTO, California — The Tesla Model S electric car hit a major milestone on Friday as Tesla announced it has delivered 10,030 cars in the first quarter of 2015, a new company record for the most deliveries in a quarter.

This represents a 55 percent increase over the first quarter of 2014.

Tesla said in the future it will publish the number of new car deliveries within three days of the end of the quarter.

"We have decided to take this approach, because inaccurate sources of information are sometimes used by others to project the number of vehicle deliveries," Tesla said in a statement.

It noted that "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 will make more news on April 30, when it will announce a "major new Tesla product line — not a car," according to a recent tweet by Tesla CEO Elon Musk.

The product is expected to be a Tesla-branded storage battery for the home.

It will be unveiled at the automaker's Hawthorne Design Studio.

The Model S, a high-performance pure electric sedan, has few direct competitors. It is sometimes shopped against the Lexus LS 600h and the Porsche Panamera S E-Hybrid.

Edmunds says: Tesla is growing and winning acceptance by car shoppers.

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