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Tuesday, April 5, 2016

EV Sales For March, 2016; And Full 1Q16 Sales -- April 5, 2016

Tesla misses own forecast:
Tesla Motors Inc. shipped fewer electric cars than it forecast in the first quarter, hurt by a new line of sport utility vehicles that was both short on parts and long on technology “hubris.”
The automaker said it sold 14,820 Model S cars and Model X SUVs in the first quarter, short of the 16,000 it had predicted in February. Shares fell in late trading, giving back some of the gains Tesla had made since Thursday by exceeding all expectations on orders for a new, lower-cost car that will be available next year.
According to the table below, for 1Q16: :
  • Tesla Model S: 6,390
  • Tesla Mode X: 2,400
Total: somewhat less than what Tesla reported above (maybe we're talking different quarters; I don't know).

EV sales surged in March, 2016:
The surge is quite impressive (except, of course, for VW e-Golf).

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