Tesla Q1 2017 Vehicle Production and Deliveries

FOR: TESLA, INC.
NASDAQ SYMBOL: TSLA

Date issue: April 02, 2017
Time in: 3:23 PM e

Attention:

PALO ALTO, CA--(Marketwired - April 02, 2017) - Tesla (NASDAQ: TSLA) delivered just over 25,000 vehicles in Q1, of which approx 13,450 were Model S and approx 11,550 were Model X. This was a new quarterly record for us and represents a 69% increase over Q1 2016. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5%.

In addition to Q1 deliveries, about 4,650 vehicles were in transit to customers at the end of the quarter. These will be counted as deliveries in Q2 2017.

Q1 production totaled 25,418 vehicles. This was also a new quarterly record for us.

Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

- END RELEASE - 02/04/2017

For further information:
Investor Relations Contact:
Jeff Evanson
Investor Relations
ir@tesla.com
OR
Press Contact:
David Arnold
Communications
press@tesla.com

COMPANY:
FOR: TESLA, INC.
NASDAQ SYMBOL: TSLA

INDUSTRY: Automotive - Cars, Automotive - Other passenger vehicles, Automotive - Parts and Accessories, Energy and Utilities - Alternative Energy, Energy and Utilities - Oil and Gas , Energy and Utilities - Utilities, Environment - Air Pollution Control, Retail - Consumer Interest, Energy and Utilities - Clean Technology RELEASE ID: 20170402CC0002

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