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Tesla's big delivery target is the next moment under the microscope – Axios




Tesla's shares jumped 6% yesterday after publishing an email from CEO Elon Musk to employees that the electric car manufacturer could hit 100,000 deliveries this quarter.

Why it matters: It would be the highest for all three-month periods, surpassing Q2's 95,200 figures.

  • Bloomberg points out that this would put Tesla on track to fulfill Musk's year-round delivery goals.
  • "If Tesla were to deliver 100,000 vehicles each of the last two quarters of the year, deliveries will roughly reach the low end of the 360,000 to 400,000 range the company has expected for 2019," they report.
  • Tesla typically reports the final shutdown very shortly after the end of the quarter.

What they are and said: Per the website Electrek, which first reported on Musk's late-quarter end to gather his troops, he said in the email …

"The challenge is to make sure we have the right car variants in the right places and collect as much a is the company's resources as possible to help with the delivery of the quarter. "

The point: Tesla's stock is still significant this year.

  • Delivering more cars and making money are two different things, so a much more important moment will come when Tesla reports its Q3 revenue in a few weeks.
  • The company reported a net loss of $ 408 million in the second quarter. Musk said at the time that he expects to be "around the breakeven" in Q3 and profitable in Q4.



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