Tesla posts higher Q2 sales

July 2, 2015

Tesla delivered 11,507 vehicles during the second quarter of 2015, marking the best three-month stretch in the company’s short history.
Tesla announced on Thursday that it delivered 11,507 units of its Model S sedan during the second quarter of 2015, marking a sharp improvement over the 10,030 units it delivered during the first three months of the year. Q2′s sales tally set a new company record for quarterly sales.

At the mid-way point of the year, Tesla has delivered 21,537 vehicles. Tesla has previously stated that it plans to deliver 55,000 units by year’s end.

Although well off the pace of that sales goal at the current time, Tesla should get a significant boost later this year when it introduces its highly anticipated Model X SUV. If all goes according to plan, the Model X will hit retail outlets during the third quarter.

Late last year Tesla CEO Elon Musk indicated that the company planned to produce about 23,000 units of the Model X in 2015. However, the project has faced some delays since then, so it’s unclear how many units Tesla will actually be able to produce. But even at half of its projected production rate, the Model X should ensure that Tesla hits its 55,000 unit goal.

Wall Street reacted favorably to Tesla’s strong second quarter with shares in the EV maker up around two-percent in early trading.

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