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The Wall Street Journal: Tesla reports its best-ever quarterly vehicle sales

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Tesla cars at Paris Motor Show on Sept. 30, 2016.

Tesla Motors Inc. posted its best sales quarter ever ahead of efforts to raise additional cash that it will need to begin production of the Model 3 sedan.

Chief Executive Office Elon Musk wanted a strong third quarter to help build his case for why TSLA, +1.66% should raise more money for the Model 3’s production line and for the Gigafactory. Global deliveries of Tesla vehicles more than doubled from the same quarter a year earlier to 24,500, the company said in a statement on Sunday.

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