The Model S in Ocean Blue
WASHINGTON: Luxury electric car maker Tesla said it was on track to deliver 55,000 cars this year even as its losses widened on revved up research spending.
Founder Elon Musk and chief financial officer Deepak Ahuja said in a letter to shareholders that the company produced 11,160 Model S cars in the January-March quarter and expected to begin delivering the long-awaited Model X late in the third quarter.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
