Tesla delivered 14,810 Model S sedans and Model X SUVs in the January-March period. That was lower than expected, largely due to the Model X delays. But it was still a 48 per cent increase in deliveries over the same period a year ago.
First-quarter revenue rose 22 per cent to $1.1 billion. The company said Model X prices — which start around $80,000 — were about 30 per cent higher than for the Model S.
Tesla says unadjusted figures do not reflect its true performance because accounting rules limit how it records revenue for leases. On an adjusted basis, the company lost 57 cents per share, beating Wall Street's forecast for a 60 cent loss.