On a report last Sunday afternoon, Tesla announced its Q1 production and delivery figures. Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts' estimates as the company brace up to begin building the Model 3 in July. The maker of electric cars and energy-storage devices delivered over 25,000 vehicles in the year's first three months, in a statement Tesla said last Sunday. Tesla in a statement said that, "Our delivery count will be viewed as slightly conservative, and 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%,"

According to a source, analyst expectations were between 23,000 and 24,500 deliveries in the first quarter. Tesla also acclaimed that about 4,650 vehicles were in transit to customers at the end of the quarter. These will be counted as deliveries in the second quarter of 2017. Furthermore, at $35,000, the Model 3 will cost about half as much as the lowest-price Model S. It will also be smoother and easier to make, with more automation during production. Analysts suggest the Model 3, possibly alongside with other new vehicles including a small SUV, could significantly increase Tesla's sales volumes.

In a recent report, Tesla delivered around 13,450 Model S sedans and 11,550 Model X sport utility vehicles, while actual production in the first three months was 25,418. The company is modifying its lineup and price structure ahead of July's introduction of the Model 3, which is expected to start at $35,000 before incentives and options. Moreover, Tesla is breaking off its lower end 60-kilowatt-hour battery pack Model S with on this coming April 17th, which makes the 75-kilowatt-hour Model S its most affordable car at $74,500 before tax credits or state rebates until the Model 3 barge in.