* California - Company posts best sales quarter ever while looking to raise more cash to begin producing Model 3
--- Tesla Motors Inc. posted its best sales quarter ever as the electric-vehicle maker prepares to raise the added cash it needs to begin production of its Model 3 sedan, which is aimed at the mass market... Chief Executive Elon Musk wanted a strong third quarter to help build his fund-raising case for the Model 3’s production line and for the company’s Gigafactory, a massive battery-making facility in Nevada... On Sunday, Tesla said third-quarter global deliveries of its vehicles more than doubled from a year earlier to 24,500. They included 15,800 Model S sedans and 8,700 Model X sport-utility vehicles. An additional 5,500 cars were in transit to customers and will be counted in fourth-quarter sales, said the company, which is based in Palo Alto, Calif... After Tesla began taking reservations for the Model 3 this year, strong demand led it to say it would hit its sales target of 500,000 annually in 2018, two years earlier than expected...
(Photo by DAVID PAUL MORRIS/BLOOMBERG NEWS - Tesla Motors said Sunday the company posted its best sales quarter ever, with global deliveries of 24,500 vehicles) -- CAL, USA - The WSJ, by TIM HIGGINS - Oct. 2, 2016Labels: electric truckmakers news USA, electric trucks sales
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