This article originally appeared on iknowfirst.com

Tesla Motors, Inc. (NASDAQ:TSLA) has maintained its projection for 55,000 vehicle sales during the current fiscal year. With 10,045 Model S sedans delivered during the first quarter and forecast deliveries for 10,000 to 11,000 vehicles for the second quarter, it is obvious that the company will have to have increased sales during the second half of the year. The release of the Model X crossover SUV and the subsequent ramping up of production will make this possible. Recent developments both domestically and abroad will help Tesla meet its goal. Along with the amazing orders for stationary batteries, the forecast for the company is bullish looking ahead, even though profits will remain low for the rest of 2015.

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