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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
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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.

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Elon Musk's X Lifts Price for Premium-plus Tier to Pay Creators

Elon Musk acknowledged his bid to buy Twitter may fail, but said he has a "plan B" - Copyright POOL/AFP/File Britta Pedersen
Elon Musk acknowledged his bid to buy Twitter may fail, but said he has a "plan B" - Copyright POOL/AFP/File Britta Pedersen
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Elon Musk's X Lifts Price for Premium-plus Tier to Pay Creators

Elon Musk acknowledged his bid to buy Twitter may fail, but said he has a "plan B" - Copyright POOL/AFP/File Britta Pedersen
Elon Musk acknowledged his bid to buy Twitter may fail, but said he has a "plan B" - Copyright POOL/AFP/File Britta Pedersen

Elon Musk-owned X raised the price of its premium-plus plan in several markets from Dec. 21 as the social media company looks to boost payment for creators on its platform.

The top-tier plan is now priced at $22 a month in the US, up from $16 earlier, according to a blog post. Prices for the basic tier and premium subscriptions remain unchanged at $3 and $8, respectively, Reuters reported.

X changed its revenue-sharing practices in October to ensure subscription fees would more directly contribute to creator payouts and that they are compensated on content quality and engagement rather than ad views alone.

The updated pricing applies to new subscribers, while existing members will retain their current rates until Jan. 20.

X offers premium-plus subscribers ad-free browsing and features such as expanded access to the Grok AI chatbot and Radar, which offers real-time analytics on emerging trends through keyword tracking.

Subscriptions are a key part of Musk's strategy to drive revenue growth at X, the platform which was known as Twitter before the billionaire purchased it and had long relied on advertising dollars.