Tesla, the electric car manufacturer, have stated that they are experiencing revenue growth above their predicted estimations for the first quarter of 2015.

During the first 3 months of 2015, Tesla have built 1,000 more vehicles that they had predicted which lead to an 50% revenue increase from last year.

Although, the company are still stating a loss of just over $150 million but this is due to the company investing in new research and facilities.

Tesla are planning a 12% increase in their production during this next quarter of 2015 but they are likely to still see loses due to the dollar currency becoming stronger.

The company might offset the loss through increasing their prices within Europe by 5% but Tesla have confirmed that they are still ‘on track’ to sell around 55,000 of their Model X and Model S cars within 2015 and for launching their new battery factory – the Gigafactory – in the US during 2016 (as Tesla have recently announced that they are going to manufacture batteries for use in businesses and homes, read more here).

The shares in the company ping ponged – they rose almost 5% but then fell again.

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