Tesla Off To A Strong Start In 2015

April 3, 2015 5:14 PM

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Tesla announced that it sold 10,030 cars in the March quarter, up 55% from last years 6,457 units, and compares to guidance of 9,500 Model S’. It is a bit hard to tell if Tesla is back to beating its guidance by the same amount it did in each of 2013’s four quarters, if this was a catch-up from December 2014’s 1,400 unit shortfall or if underlying demand is growing at this rate. For the year Tesla has guided to 70% plus unit growth which would be at least 55,000 Model S’ and Model X’s so at least the company is off to a strong start.

Tesla plans to announce its quarterly sales within three days of quarters end to negate the speculation that surrounds the company’s results. While it could be helpful for Tesla to move to monthly result publications it would not surprise me that due to its much lower production volumes than other c...

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