Tesla can set quarterly records for deliveries, according to leaked Elon Musk email – BGR
It is sometimes difficult to understand what is happening to Tesla. Is the company on the verge of going bankrupt, or ready to post new items for deliveries? Well, according to Tesla CEO Elon Musk, the answer to both questions could be "yes".
A few days ago, an internal email from Musk to Tesla employees claimed that the company was in danger of running out of cash just 10 months. As a result, Musk said the company was going to implement "hardcore" cost-saving measures, an initiative Musk requirement is the only way for the company to become financially sustainable and succeed in our goal of helping make the world environmentally sustainable. "
In the following days, a couple of research reports from analysts investigated rather serious case scenarios for Tesla, with Morgan Stanley noting that Tesla at worst could only be worth $ 1[ads1]0 per share. As a benchmark, Tesla trading was $ 376 less than six months ago.
All that being said, the demand for Tesla vehicles appears to be growing and setting new records, according to a new internal email from Musk (via CNBC ), the Tesla manager handed over the company was setting a new record for deliveries in the June quarter.
"Yesterday," Musk said, "we had over 50,000 net new orders for this quarter. Based on current trends, we have a good chance of exceeding the record of 90,700 deliveries in Q4 last year, making it the highest deliveries / sales quarter in Tesla history! "
Of course, Musk's statement was tempered with the qualification that Model 3 production must remain stable at 1000 units per day, at a minimum.
" We have an average value of 900 / day this week, "adds Musk," we added. is only around 10% from 7,000 / week. If we gather hard, we can do it. ยป
The greater takeaway from this entire Tesla hoopla is that, unlike some analysts, demand does not appear to be a major concern for the company. Nevertheless, the company burns in cash at an alarming rate and, as Musk notes, need to pick up production to meet the swelling demand.
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