NEW YORK: Tesla reported a jump in first-quarter profits Monday on surging electric vehicle sales, and the manufacturer said it was on track to boost automotive capacity at factories in three countries.
The electric car maker set production and delivery records in the quarter, with the auto industry upstart’s Model 3 becoming the best-selling premier sedan in the world, according to chief executive Elon Musk.
“We’ve seen a real shift in customer perception of electric vehicles and our demand is the best we’ve ever seen,” Musk said on an earnings call.
“Only three and a half years into production and with just two factories, for Model 3 to be out-selling its combustion engine competitors is quite remarkable.”
Musk’s electric car…
