Tesla has set ambitious sales goal of selling 50,000 units of electric cars in first half of 2017 and it turns out that it is already half way through that goal with the company reporting sales of 25,000 units for the first quarter of 2017.
The first quarter of 2016 was a rough one for Tesla and in comparison the first half of current year has been a welcome relief with car deliveries jumping by 69 per cent year over year. Tesla produced 25,418 vehicles, a bit above its prior record in the third quarter of 2016. According to the electric car maker, it delivered 13,450 units of the Model S and 11,550 of the larger Model X.
As far as the company’s future is concerned, Tesla expects its Model 3 to perform very well compared to Models S and X vehicles and one of the reasons is the price. India, for example is a market where Tesla will be bringing in its most affordable car. CEO Elon Musk recently tweeted about the timeline of the cars arrival into India and he even went ahead and told us what we could expect from it.
Model 3 is expected to be the car that will enable Tesla to etch for itself a name against the likes of Audi, BMW and Mercedes in India and other budget sensitive markets. Before the unveiling, Tesla CEO Elon Musk tweeted about the major markets where new Model 3 will be sold with India in the list. At the event Elon Musk claims that the car will deliver at least 215 miles or 346 km of range. That said the company hopes to exceed those number in the production version. Deliveries will begin by the end of 2017.
Tesla in January began mass production of energy-saving batteries that it vows will take electric cars mainstream. A “Gigafactory” created by Tesla and Panasonic is cranking out lithium-ion battery cells, which will be used in Tesla’s energy storage products and the Model 3, according to the carmaker’s website.
The Gigafactory, located in the western state of Nevada, is also working on residential energy storage technology that could be used to power homes with solar energy.