The electric car company sold 11,507 vehicles during its second quarter of sales.
by Hannah Moore
July 2, 2015—After a successful quarter, Tesla Motors solidified its position as a leader in electric car sales.
Disclosed today in a SEC (Securities and Exchange Commission) filing by Tesla, the Palo Alto-based company saw a 52 percent rise in sales during its second three-month quarter that ended on June 30, according to the Wall Street Journal.
This figure is compared to Tesla’s second quarter of last year.
This second quarter rendered a record number of sales for Tesla, which sold 11,507 vehicles from April to June, reported the San Jose Mercury.
The number of cars sold reflects only one aspect of Tesla’s financial performance during that time. Yahoo Finance figures state that the company lost $398.2 million on a $3.52 billion dollar revenue.
This isn’t to say that the quarter’s record number of sales won’t still benefit the company financially. Tesla suffered a $154 million dollar loss and spent more than $500 million during the first quarter.
The company’s shares rose 2 percent in this morning’s trading.
Tesla is ahead of them game when it comes to electric car advances. The company’s vehicles can go for 270 miles per charge, while many other electric cars get fewer than 100. Tesla’s Model S sedan has a seven-passenger capacity and acceleration potential of 60 MPH in five seconds. The Silicon Valley company is also incorporating features through software updates to their vehicles that other electric car makers are now starting to add.
Tesla is expected to release a sport-utility car called the Model X this September. This vehicle already has thousands of reservations, which likely sets the stage for another sales boost during the company’s upcoming final quarter.
Tesla likely produces the largest number of electric car sales of electric car companies in the U.S., although the fact is hard to determine due to hard-to-track monthly and regional results from the company.
In the first six months of 2015, Tesla sold 21,552 cars globally while Nissan MotorCo. sold 9,816 Leafs nationwide.
Financial reports reveal that Tesla vehicles each sell for $100,000 on average.
Photo by free photos / CC
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