Tesla announced Sunday that it delivered 25,000 vehicles to customers and produced 25,418 in the the first three months of 2017 — both quarterly records for the Silicon Valley electric automaker.
Why it matters: It's a good sign for the automaker as it prepares to launch the Model 3. The figures beat estimates, according to several reports, and the deliveries represent a 69 percent increase over the first quarter of 2016.
- "The results should help fuel further investor confidence in Chief Executive Elon Musk as he works to bring out later this year a $35,000 sedan called the Model 3," the Wall Street Journal notes.
And why not: As long as we're on Tesla, while Musk might be among President Donald Trump's private sector advisors, he nonetheless doesn't think much of Trump's bid to revive the coal industry.
- "It won't matter....Coal is dying due to nat gas fracking. It's basically dead," Musk tweeted over the weekend in an exchange about a story in The Verge on Trump's plan.