The daily business briefing: April 3, 2017

Tesla reports record quarterly deliveries, U.K. leaders balk at discussing Gibraltar in Brexit negotiations, and more

A Union Jack flag, Gibraltar's flag, and the EU flag
(Image credit: JORGE GUERRERO/AFP/Getty Images)

1. Tesla reports record deliveries in first quarter

Electric car maker Tesla on Sunday reported that it delivered a record 25,000 vehicles in the first quarter of 2017, marking a 69 percent increase from a year ago. The company also said it expected to match the figure in the second quarter, giving it 47,000 to 50,000 deliveries in the first six months of the year. A little more than half of the first-quarter sales were Model S sedans, and a little less than half were Model X sports utility vehicles. The performance put the company back on track after deliveries fell by 9 percent in the last quarter of 2016 due to transport delays.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us