Electric Vehicles

Tesla to Deliver 55K Vehicles in 2015

May 08, 2015

Photo courtesy of Tesla.
Photo courtesy of Tesla.

Tesla Motors hopes to deliver 55,000 vehicles in 2015, including its Model S and upcoming Model X, the company announced as part of its first-quarter earnings.

If Tesla hits its target, the company would increase deliveries by 74 percent over 2014, as it moves to expand its line-up. For the quarter, Tesla built 10 percent more vehicles (11,160) than its prior guidance. The company leased 592 cars during the quarter.

Tesla also updated its schedule for the Model X SUV, which will be released in the late third quarter.

For the quarter, Tesla lost 36 cents per share on adjusted revenues of $1.1 billion. A year ago, Tesla earned 2 cents per share on revenues of $761.3 million.

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