- 3rd July 2019
- Posted by: Hakeem
- Categories: Innovation, Technology

- Tesla set new production and delivery records during the second quarter.
- The company delivered 95,200 vehicles, producing 87,048 cars.
- The company’s stock jumped by about 7% in after-market trading.
Tesla shares surged Tuesday after the electric auto maker said it shattered its previous production and delivery records during the second quarter, soundly beating analysts’ estimates.
The company’s stock jumped by about 7% in after-market trading. Tesla also hinted at a strong third quarter, saying it’s entering the period with a backlog of orders.
CEO Elon Musk set investors’ expectations high in a companywide email on June 25, saying the electric car maker was on course to deliver a record number of vehicles throughout the quarter. He wasn’t exaggerating. The company delivered 95,200 cars during the the three months ending June 30 — a 51.1% increase over an admittedly weak first quarter and besting its previous record of 90,700 deliveries set in the fourth quarter of 2018.
{“uid”:0.17362796808591108,”hostPeerName”:”https://www.cnbc.com”,”initialGeometry”:”{\”windowCoords_t\”:0,\”windowCoords_r\”:414,\”windowCoords_b\”:652,\”windowCoords_l\”:0,\”frameCoords_t\”:1348,\”frameCoords_r\”:357,\”frameCoords_b\”:1598,\”frameCoords_l\”:57,\”posCoords_t\”:1348,\”posCoords_b\”:1598,\”posCoords_r\”:357,\”posCoords_l\”:57,\”styleZIndex\”:\”\”,\”allowedExpansion_r\”:114,\”allowedExpansion_b\”:402,\”allowedExpansion_t\”:0,\”allowedExpansion_l\”:0,\”yInView\”:0,\”xInView\”:1}”,”permissions”:”{\”expandByOverlay\”:true,\”expandByPush\”:true,\”readCookie\”:false,\”writeCookie\”:false}”,”metadata”:”{\”shared\”:{\”sf_ver\”:\”1-0-35\”,\”ck_on\”:1,\”flash_ver\”:\”26.0.0\”,\”canonical_url\”:\”https://www.cnbc.com/id/105996924?view=story\”,\”amp\”:{\”canonical_url\”:\”https://www.cnbc.com/id/105996924?view=story\”}}}”,”reportCreativeGeometry”:false,”isDifferentSourceWindow”:false,”sentinel”:”0-5426086793172172427″,”width”:300,”height”:250,”_context”:{“ampcontextVersion”:”1906282130140″,”ampcontextFilepath”:”https://3p.ampproject.net/1906282130140/ampcontext-v0.js”,”sourceUrl”:”https://www.cnbc.com/2019/07/02/tesla-q2-2019-production-and-delivery-numbers.html?$DEVICE$=mobile-native&userLoggedIn=0″,”referrer”:””,”canonicalUrl”:”https://www.cnbc.com/id/105996924?view=story”,”pageViewId”:”2937″,”location”:{“href”:”https://www.cnbc.com/2019/07/02/tesla-q2-2019-production-and-delivery-numbers.html?$DEVICE$=mobile-native&userLoggedIn=0″},”startTime”:1562115825551,”tagName”:”AMP-AD”,”mode”:{“localDev”:false,”development”:false,”minified”:true,”lite”:false,”test”:false,”version”:”1906282130140″,”rtvVersion”:”011906282130140″},”canary”:false,”hidden”:false,”initialLayoutRect”:{“left”:57,”top”:1348,”width”:300,”height”:250},”initialIntersection”:{“time”:4326.000000000001,”rootBounds”:{“left”:0,”top”:0,”width”:414,”height”:652,”bottom”:652,”right”:414,”x”:0,”y”:0},”boundingClientRect”:{“left”:57,”top”:1348,”width”:300,”height”:250,”bottom”:1598,”right”:357,”x”:57,”y”:1348},”intersectionRect”:{“left”:0,”top”:0,”width”:0,”height”:0,”bottom”:0,”right”:0,”x”:0,”y”:0},”intersectionRatio”:0},”domFingerprint”:”4175278019″,”experimentToggles”:{“pump-early-frame”:true,”chunked-amp”:true,”amp-force-prerender-visible-elements”:true,”amp-list-load-more”:true,”linker-form”:true,”amp-consent-v2″:true,”hidden-mutation-observer”:true,”expAdsenseCanonical”:false,”canary”:false,”expAdsenseUnconditionedCanonical”:false,”amp-story-v1″:true,”ad-type-custom”:true,”amp-list-viewport-resize”:true,”no-sync-xhr-in-ads”:true,”a4aProfilingRate”:false,”version-locking”:true,”amp-ad-ff-adx-ady”:false,”amp-auto-ads-adsense-holdout”:true,”margin-bottom-in-content-height”:true,”as-use-attr-for-format”:false,”blurry-placeholder”:true,”font-display-swap”:true,”amp-ima-video”:true,”amp-playbuzz”:true,”flexAdSlots”:false,”amp-auto-lightbox”:true,”amp-img-auto-sizes”:true,”amp-auto-ads”:true,”fixed-elements-in-lightbox”:true,”amp-date-picker”:true,”amp-access-iframe”:true,”a4aFastFetchAdSenseLaunched”:false,”doubleclickSraExp”:false,”amp-apester-media”:true,”amp-sidebar toolbar”:true,”doubleclickSraReportExcludedBlock”:true,”amp-live-list-sorting”:true,”linker-meta-opt-in”:true,”ampdoc-closest”:true,”amp-story-responsive-units”:true,”user-error-reporting”:true,”ios-fixed-no-transfer”:false,”expAdsenseA4A”:false,”a4aFastFetchDoubleclickLaunched”:false,”inabox-remove-height-auto”:true,”no-initial-intersection”:true,”sandbox-ads”:true},”sentinel”:”0-5426086793172172427″}}” height=”250″ width=”300″ data-amp-3p-sentinel=”0-5426086793172172427″ allow=”sync-xhr ‘none’;” frameborder=”0″ allowfullscreen=”” allowtransparency=”” scrolling=”no” marginwidth=”0″ marginheight=”0″ sandbox=”allow-top-navigation-by-user-activation allow-popups-to-escape-sandbox allow-forms allow-modals allow-pointer-lock allow-popups allow-same-origin allow-scripts” class=”i-amphtml-fill-content” id=”google_ads_iframe_1″ style=”border: 0px !important; margin: auto; padding: 0px !important; display: block; height: 250px; max-height: 100%; max-width: 100%; min-height: 0px; min-width: 0px; width: 300px; transform: translate(-50%, -50%); top: 0px; left: 0px; position: absolute; bottom: 0px; right: 0px”>
Tesla’s deliveries are a closely watched industry number and the nearest reflection of sales, showing how many cars were actually delivered to customers.
“Challenges remain, but this is a step in the right direction,” said Wedbush analyst Dan Ives. “The numbers were above even the bull estimates and shows a clear rebound for the company. This is a feather in the cap for Tesla.”