First, Tesla Stock reported that it produced 7,535 Model S sedans in the first quarter, which was a quarterly record for the company. Production has increased by 15%. At the end of 2013, Tesla was producing 600 vehicles a week, and that is now up to 700. The company had previously stated that it wants to produce 1,000 vehicles per week by the end of 2014. The company said it expects to produce 7,500 vehicles in the second quarter. The company delivered 6,457 vehicles globally during that quarter, which beat consensus estimates for the quarter. However, that total was down from the 6,892 vehicles it delivered in Q4 of 2013. In the fourth quarter, TSLA had sales growth of 25% for its sedans, so a Q1 slip is moving the stock. TESLA MTRS NASDAQ: TSLA May 13 12:42 PM Price: 187.68 | Ch: 3.01 (1.6%) Despite the fact that it sold fewer vehicles than in Q4, the company maintains that it is still on track to reach its goal of delivering 35,000 vehicles globally in 2014. The company also provided an update on Chinese expansion. Tesla made its first move into China last month when Chief Executive Officer Elon Musk hand-delivered Model S sedans at a public event in Beijing. At the time the company detailed its plan to build a supercharger network in the country and start manufacturing vehicles in China within the next few years. "We plan to expand in China as fast as possible because we believe the country could be one of our largest markets within a few years," the company said. "We are also encouraged by how fast we have been able to develop our infrastructure in China when the proper support is in place." The company has built one additional supercharger station in China to add to the three it previously operated. To further expand global sales, the company stated today that it will be increasing the number of stores and service centers it operates globally by 75% this year. Company officials also announced that they plan to spend as much as $850 million in capital expenditures this year to increase production capacity, build more stores, and begin construction of the "Gigafactory."
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Other auto makers can only aspire to have such happy customers..........
Customer service starts with going into the dealer to buy the vehicle...... Most people hate that and feel cheated when they walk out. At TESLA it is different..... no sales pressure....no going back and forth to the sales manager.... no BS.....
Buy your TESLA online.........the improved customer satisfaction starts with the purchase..........