Tesla (TSLA) delivered approximately 90,650 vehicles in Q2, beating expectations

July 2, 2020 7:59 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Tesla (Nasdaq: TSLA) announced:

In the second quarter, we produced over 82,000 vehicles and delivered approximately 90,650 vehicles (***versus ~83,000 expected by analysts.)

While our main factory in Fremont was shut down for much of the quarter, we have successfully ramped production back to prior levels.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

ProductionDeliveriesSubject to lease accounting
Model S/X6,32610,60014%
Model 3/Y75,94680,0504%
Total82,27290,6505%


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Guidance, Hot Corp. News, Hot Guidance

Related Entities

Tesla, Earnings, Model 3