In the first quarter of 2017 (Q12017), Tesla has managed to deliver precisely 25,000 vehicles. This is not only a new record for the company, exceeding analysts’ estimates, but also represents a 69% increase over the same period last year

According to a statement issued by the company, the Model S accounted a majority of deliveries, with 13,450 units, while the Model X made up the remainder with 11,550 units. Meanwhile, production in the first three months totalled at 25,418 units, Bloomberg reports.

Tesla adds that at the end of the quarter, a further 4,650 vehicles will make their way to customers and these will be included in its second quarter (Q22017) results. The upcoming Model 3 is expected to provide another boost to the company’s sales figures considering the outrageous number of pre-orders the company has received.

Limited production of the most affordable Tesla is expected to kick off in July. The company will then ramp up production of the Model 3 to 5,000 vehicles per week by Q42017 and later on, 10,000 vehicles per week in 2018.

Moving forward, the company has plans to produce 500,000 cars per year by 2018, which is supported by a deal to acquire German firm Grohmann Engineering. The deal will allow the electric car company access to Grohmann’s automated manufacturing knowledge, allowing it to speed up vehicle production.