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Tesla beats expectations with strong first-quarter delivery numbers

Accepted submission by Freeman at 2020-04-03 14:51:12 from the business is business and business is good dept.
Business

https://arstechnica.com/cars/2020/04/tesla-beats-expectations-with-strong-first-quarter-delivery-numbers/ [arstechnica.com]

"Our Shanghai factory continued to achieve record levels of production, despite significant setbacks," Tesla said in its Thursday release.

The results are particularly impressive in light of the ongoing coronavirus crisis. Ford, which also announced [ford.com] Q1 sales numbers today, blamed the coronavirus for a 12-percent year-over-year decline in sales. Presumably, economic uncertainty about the coronavirus discouraged some people from buying Tesla vehicles in March. Despite that, Tesla's deliveries for the quarter grew 40 percent from a year earlier.


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