The company only delivered 63,000 vehicles in the quarter, down 31% from 2018's fourth quarter. It cited a big increase in vehicle deliveries to Europe and China and "many challenges encountered for the first time." That push helped Tesla post a profit in back-to-back quarters for the first time in its 15-year history. The company produced 62,950 Model 3s in this year's first quarter, up 1.6% from 61,934 in the prior three months. And for those vehicles to become hits, Tesla will have to be able to produce them in high volumes.

Source: Fox News April 04, 2019 03:11 UTC