Tesla Motors has said its car deliveries rose 55% year-on-year to 10,030 units during the first quarter. The performance comfortably beat Tesla’s own prediction that it would deliver 9,500 vehicles in the first quarter.
Analysts were surprised by the result following recent troubles for Tesla in China, where it has taken action to reduce costs amid disappointing sales. Reports last month suggested that the company has built up a large stock of unsold cars in China.
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The positive first quarter sales report boosted the NASDAQ-listed company’s share price by around 7% in trading yesterday (April 6).
With the new Model X SUV due mid-2015, Tesla is planning to increase production by another 50% this year at its Californian production base.
See also: COMMENT: Why is Tesla’s share price falling?
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