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Home / Business / Tesla Q2 2019 production and delivery number

Tesla Q2 2019 production and delivery number



Tesla Model 3

Silas Stein picture alliance | Getty Images

The Tesla shares rose Tuesday after the electric car manufacturer said it broke down its previous production and delivery records during the second quarter. It was sounding analysts estimate.

The company's share jumped by about 8% in the aftermarket. Tesla has also indicated a strong third quarter, and says it is entering the third quarter with order backlog.

CEO Elon Musk put investors' expectations high in a 25-year e-mail, saying that the electric car manufacturer was on course to deliver a record number of cars during the quarter. Tesla's deliveries are a carefully monitored industry number and closest reflection on sales, showing how many cars were actually delivered to customers.

Challenges remain, but this is a step in the right direction, says Wedbush analyst Dan Ives. "The numbers were above even the bullet estimates and shows a clear decline for the company. This is a feather in Tesla's hat."

Analysts expect the automaker to deliver 91

,000 cars in the second quarter, according to average analysts estimates prepared by FactSet. A disappointing 63,000 car was delivered during the first three months of the year, when Tesla was plagued by challenges that transported their cars from the factory in Fremont, California, around the world, and issues of low customer demand. Tesla's orders are not fully reflected in the delivery numbers before a buyer uses his new car.

Tesla faces increased competition for the advanced electric sports car market that Ford car manufacturers from Jaguar are investing billions of dollars to develop their own electric lineups. Volkswagen and Mercedes-Benz began taking orders in May for new battery-electric cars with plans to roll out several models in the coming years. Jaguar's I-Pace all-electric SUV swept the industry wages at the New York Auto Show in April.

Deliveries to the company's largest seller, Model 3, were 77,550 on the 74,100 that were estimated by analysts that were investigated by FactSet. Combined deliveries to model S-sedans and model X-SUV were 17,650 striking estimates of 16,600, according to FactSet.

"Delivery numbers are important, but we have to see that magazines look good in the second half," said Dan Ives, analyst with Wedbush Securities, in an interview. Tesla's production goal for the year is "still an Everest task, especially with competition such as comes from all angles. The real question is going to be, is this sustainable? "

Tesla told investors in April that they expected to deliver between 90,000 and 100,000 vehicles in the second quarter, although it is possible to deliver a higher number of cars."

The company has also recently lost one of the leading production leaders at its Fremont factory, Peter Hochholdinger, who was director of manufacturing. [19659002] Tesla's share has lost nearly a third of its value over the past year and currently has a market capitalization of around $ 40.2 billion.

– CNBCs Lora Kolodny contributed to this article.


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