Tesla (TSLA) reported first quarter production and delivery numbers Sunday, showing record highs for both metrics as the company works to launch the Model 3 at mass-market volumes.

TESLA Q1 METRICS: Tesla reported Q1 deliveries of "just over" 25,000 vehicles, of which approximately 13,450 were Model S and 11,550 were Model X. The company commented that "this was a new quarterly record for us and represents a 69% increase over 1Q16," adding that Q1 unit production of 25,418 "was also a new quarterly record." According to Bloomberg, analysts expected deliveries of 24,200. The carmaker itself has forecast 1H deliveries in the range of 47,000-50,000, representing growth of 61%-71%.

PRICE ACTION: Shares of Tesla closed Friday's session up 0.14% to $278.30. On October 3, 2016, the first trading day after the company's similarly positive Q3 delivery report, the stock gained roughly 4.7%.