Tesla surpass Model s delivery expectations – stock surges

Tesla motors on what is not an April fool joke said it expects to report a first-quarter profit on both a net and adjusted basis following sstronger-than-expected sales of its Model S.
model_s_large

Tesla motors on what is not an April fool joke said it expects to report a first-quarter profit on both a net and adjusted basis following stronger-than-expected sales of its Model S.

This news shot Tesla stock into orbit with its shares soaring more than 20 percent in early trading on Monday.

Tesla also said it was dropping plans to produce a low-end version of the Model S due to lack of demand, and will focus instead on higher-margin editions of the car.

Model S sales exceeded 4,750 units in the quarter, higher than the 4,500 Tesla had forecast, the company said on Monday.

CEO and founder Elon Musk tweeted early Monday that the company will make a separate announcement on Tuesday that “is arguably more important” than its new financial guidance.

Tesla said in January that it would be profitable in the first quarter when expenses related to non-cash options and warrants were excluded.

“There have been many car startups over the past several decades, but profitability is what makes a company real,” Musk said. “Tesla is here to stay and keep fighting the electric car revolution.”

The automaker has focused in recent months on building and selling high-end versions of the Model S, with larger battery packs that provide more range.

The top-of-the-line Tesla Model S Performance model costs nearly $96,000. The base Model S, which Tesla is dropping, has a starting price of just over $60,000.

Tesla said only 4 percent of customer orders were for the base Model S, which was to be equipped with a 40 kWh battery pack. Those customers instead will receive a 60 kWh battery pack, with the output and range limited by software to 40 kWh, at no additional cost. Sweet deal if you had a 40 K unit on order.

Elon Musk, Tesla’s co-founder and CEO, said that he’s not only proud of the company’s accomplishments, but that by becoming profitable, it has helped validate its existence: “Tesla is here to stay and keep fighting for the electric car revolution.”

Announcing that its Q1 will be profitable is a bit of a strike back at critics after the negative New York Times review was released claiming that it “fell short of its estimated range” — it definitely appears there is demand for these electric cars. The question is whether the demand will continue to pick up as time goes on.

One other thing that it announced was that all of its 60 kWh cars have been and will continue to be built with Supercharger hardware included. It says that while it’s taking a “slight cost risk”, it believes customers will want to buy the Supercharger upgrade and get free long distance travel for life.

Stay tuned for Tuesday’s announcement.

 

Share:

More Posts

iphone 16

Latest iPhone Success Is A First For Apple

Apple takes #1 spot in Q1 2025 for Smart Phone Sales Research for Counterpoint shows that the global smartphone market grew by 3% in the first quarter of 2025, driven by growth in emerging markets and “a subsidy-led demand boost in China,” it said.  The research went on to mention the thing that has never

Macan EV Turbo front

Review: 2025 Porsche Macan EV Turbo – Electric PowerED SUV Meets Porsche DNA

Macan Turbo EV The wait is over. Porsche has finally pulled the wraps off the all-electric Macan EV Turbo, and after spending some time behind the wheel, it’s clear: this isn’t just a Macan with a battery. It’s the future of Porsche’s compact SUV — and it’s everything we hoped for. First Impressions Let’s get

tranmission lines

Gas-fired power generation hits four-year high

It was the dunkelflaute Low levels of renewable generation and high demand drove gas-fired power generation to its highest level since 2021 for the first quarter of the year. That was the standout highlight in a new report on the British power generation market by Montel Analytics. Montel’s study showed that electricity generated by combined

macan ev

Porsche Sales up in USA and Down in China

Porsche records robust results for 2024 Robust 2024 financial year: Group sales revenue of 40.1 billion euros, Group Operating profit of 5.6 billion euros, Group operating return on sales of 14.1 per cent. Strong net cashflow almost reaches record levels of 2023. Proposed dividend amount the same as previous year. Negative effects from market developments

Send Us A Message