Tesla Exceeds Q1 Expectations, Ships 25,000 Vehicles

Elon Musk and his company Tesla have earned the unfortunate reputation of setting productions goals that practically no one takes seriously anymore. With delays after delays, the company has missed targets more often than it hit. For Q1 of 2017, however, Tesla delivered a staggering 25,000 units. This marks a significant jump for the company compared to a year ago.

Tesla managed to increase its delivery rate by 69 percent compared to last year, Fortune reports, which sets a quarterly record for the embattled tech giant. According to the company’s report, 13,450 of the cars shipped were Model S units, while Model X units made up 11,550 of the total number. Tesla also estimates that it will be able to deliver up to 50,000 vehicles by the first half of the year.

In a rather appropriate twist, the reason why Q1 car deliveries for Tesla has been so successful is because of a terrible Q4 performance in 2016. At the time, the company had encountered production problems, causing it to push the delivery of many units towards Q1 of 2017.

Then again, the company only missed about 2,750 vehicle deliveries at the time, so it’s not as if it takes much away from the 25,000 shipping accomplishment. It’s only going to get better for Tesla as well, assuming that it can make good on its promises of Model 3 deliveries, Bloomberg reports.

Analysts are keeping a close eye on developments in the company’s Gigafactory and whether or not it can actually meet its own quota of the mass consumer electric car. With pre-orders for the Model 3 in the hundreds of thousands, Tesla has a significant obstacle in its past. The tech firebrand has yet to prove that it can actually handle high volume production and its target for next year is actually 500,000.