Tesla Delivers Record Vehicles in Q1

A Tesla sales and service center is shown in Costa Mesa, California, US June 28, 2018. REUTERS/Mike Blake/File Photo
A Tesla sales and service center is shown in Costa Mesa, California, US June 28, 2018. REUTERS/Mike Blake/File Photo
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Tesla Delivers Record Vehicles in Q1

A Tesla sales and service center is shown in Costa Mesa, California, US June 28, 2018. REUTERS/Mike Blake/File Photo
A Tesla sales and service center is shown in Costa Mesa, California, US June 28, 2018. REUTERS/Mike Blake/File Photo

Tesla Inc on Saturday reported record electric vehicle deliveries for the first quarter, driven by a ramp up in production at its Shanghai factory.

Tesla delivered 310,048 vehicles in the quarter, while Wall Street had expected deliveries of 308,836 cars, according to Refinitiv data.

Tesla said it sold a total of 295,324 Model 3 sedans and Model Y sport utility vehicles.

It delivered 14,724 Model S luxury sedans and Model X premium SUVs, up from 11,750 in the fourth quarter of 2021.

Analysts expected Tesla to deliver 15,066 Model S and Model X cars and 280,000 Model 3 and Model Y vehicles.



TikTok Says to Increase Investment in Britain

Around half the UK population, more than 30 million people, use TikTok each month. Kirill KUDRYAVTSEV / AFP
Around half the UK population, more than 30 million people, use TikTok each month. Kirill KUDRYAVTSEV / AFP
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TikTok Says to Increase Investment in Britain

Around half the UK population, more than 30 million people, use TikTok each month. Kirill KUDRYAVTSEV / AFP
Around half the UK population, more than 30 million people, use TikTok each month. Kirill KUDRYAVTSEV / AFP

TikTok plans to raise its investment in the UK, its biggest community in Europe, with the creation of 500 more jobs, the Chinese-owned social media giant announced Monday.

The news coincided with the start of London's Tech Week, which sees British Prime Minister Keir Starmer welcoming some of sector's biggest firms.

"TikTok's UK workforce will grow to 3,000 this year with the addition of more than 500 jobs," the company said in a statement.

It added that it was investing in a new London office, set to open next year, and whose size will dwarf its current UK head office.

It will take TikTok's investment in UK infrastructure to around £140 million ($190 million), the group said.

Around half the UK population, more than 30 million people, use TikTok each month, making it the platform's "largest user-community in Europe", the statement added.

"Whether through direct investment in jobs and innovation, or the wider economic contribution from millions of British businesses on TikTok, we're pleased to be increasing our investment and presence here in the UK," said Adam Presser, director of TikTok UK and global head of operations and trust and safety.

TikTok has been in the crosshairs of Western governments for years over fears personal data could be used by China for espionage or propaganda purposes.

"What underpins our continued growth is our deep commitment to safety and to creating an enjoyable and secure digital space to sustainably support creators, entrepreneurs and the wider economy, which is why we also invest significantly in safety," Presser added Monday.