Tesla produced some 77,100 vehicles and delivered 63,000 in the first three months of the year, according to a company statement on April 3. That represented declines of 11 percent and 30 percent, respectively, from last year’s fourth quarter.
Model 3 sedans made up the bulk of deliveries in the quarter at 50,900. The company produced 14,150 S and X models and delivered 12,100 of them. Around 10,600 vehicles were “in transit to customers” at the end of the quarter. The drop in deliveries means “we expected Q1 net income to be negatively impacted,” according to the company statement. “Even so, we ended the quarter with sufficient cash on hand.”
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