Tesla posts 70% rise in quarterly deliveries, backs 2016 target


  • TECH
  • Tuesday, 04 Oct 2016

Almost halfway there: Tesla is closer to meeting its second-half 2016 target of 50,000 vehicles.

SAN FRANCISCO: Tesla Motors Inc said on Sunday its third-quarter deliveries rose 70% to 24,500 cars, following production improvements, cheaper lease deals and reports of discounts on some vehicles.

Deliveries are a key metric of performance for the luxury electric vehicle manufacturer, which had missed these targets in the previous two quarters.

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