Tesla breaks delivery record

[LunkHead]

Tesla broke their previous delivery record by delivering 95,200 vehicles in Q2 2019...

Tesla posts record vehicle deliveries in the second quarter

Tesla’s (TSLA) vehicle deliveries for the second quarter of 2019 topped Wall Street’s expectations, sending shares higher during after-hours trading.

The electric car-maker reported Tuesday that it delivered 95,200 vehicles in the three months ending in June, besting average analyst estimates for about 88,000 deliveries, according to Bloomberg data.

The Palo Alto, California-based company’s second quarter delivery figures surpassed the company’s previous all-time record set during the fourth quarter of 2018, when deliveries totaled 90,700.

 

[CyberShy]

No more “in transit” reporting. Good.

 

[LunkHead]

Here is the break down

Tesla Q2 2019 Vehicle Production & Deliveries | Tesla, Inc.
Production Deliveries

Model S/X 14,517 17,650
Model 3 72,531 77,550
Total 87,048 95,200

 

[SMAlset]

I love it. Yeah Team Tesla! Make them eat their words and hope the shorters are much poorer from now on out. Sure we'll still see the press and investment groups trying to spin this to the negative. Don't know why anyone would bother to invest with any of these companies that were so down on the stock and company at this point. Lots of firms downgrading the stock and trying to get their investors to short or sell their stock.

Oh and to all those auto manufacturers still holding on to ZEVs don't have any demand...you are going to lose big time if you think that's true. Just saw another article the other day from one of the German manufacturers saying the demand wasn't there.

Every team member should be super proud of what they managed to accomplish.

 

[LunkHead]

Every team member should be super proud of what they managed to accomplish.

I read somewhere previously that if they met the goal they'd get a bonus.. Something like $1200 so yeah, I bet they are excited for that alone..

 

[SMAlset]

No backlog any more. That's good news and supports Elon's comments that Tesla is not seeing a demand issue.

 

[CyberShy]

Orders exceeded production which is good to hear. It’s nice to hear about efficiency improvements.

Now to improve overall quality and reducing warranty repairs to help that bottom line.

 

[LunkHead]

I am sure doom and gloom media will find a way to negatively spin the numbers.. Wait for it..........

 

[tkc9789]

I am sure doom and gloom media will find a way to negatively spin the numbers.. Wait for it..........

That's to be expected.....

 

[75Shappyt]

Go Team Tesla, well done!!

 

[RubberToe]

I am sure doom and gloom media will find a way to negatively spin the numbers.. Wait for it..........

Well, there are 95,200 buyers less likely to purchase a new Tesla going forward since they just bought one. So as Tesla sells more cars, the remaining non-Tesla owning population shrinks. When everyone is finally driving a Tesla, the company will be doomed...

Inescapable bear logic.

RT

 

[Magellan55]

Next they will say Tesla got lucky this quarter. NEXT quarter the demand will run out...

At some point they will start claiming Tesla is lying and these numbers are just made up.

 

[SMAlset]

One CNBC Fast Money shorter brought up the question “well why are they changing focus here, just talking about deliveries? Where’s the financials?” He was reminded that the quarterly report would come out in a few weeks, but he kept on it like what bad news are they hiding instead of coming out now with it? which I think one of the guys alluded to if not came straight out and said. Not surprising most of the guys on the show were shorting Tesla and saw them trying to justify why Tesla surpassed expectations after these guys were telling clients to sell or short. Guess it makes them commissions until the client gets burned one too many times.

Someone also questioned demand going forward. Why was Tesla not going to report vehicles in transit any more? Another brought up the new reduced level of fed credit as of 7/1 and implied that would have a notable effect on sales. He was questioned on that one. Oh best one was, “well 7% jump isn’t much, if it was really that great they would have jumped 20%”.

 

[CarlK]

I am sure doom and gloom media will find a way to negatively spin the numbers.. Wait for it..........

Record delivery, order exceeded delivery in the quarter, more efficient logistic improved working capital situation....the media have to be very inventive to find fault although I'd never underestimate their ability to evade truth.

 

[Darren Donovan]

That's great news for sure!
The problem now becomes how to service those vehicles when the owners come in for repair defects under warranty.

 

[Silicon Desert]

I noticed this quote... Loup Ventures and longtime Tesla bull. “The Model 3 is on fire.”
Uh, I think I could have used a better metaphor than it is "on fire". I guess he means SALES are good.

 

[Silicon Desert]

....the media have to be very inventive to find fault although I'd never underestimate their ability to evade truth.

Amen to that. Just wait for the first time some celebrity runs over a nail and has a flat tire on the road and the media will be reporting... "Massive serious deadly problems with Tesla tires"
That the media for you.

 

[SMAlset]

One CNBC Fast Money ....Oh best one was, “well 7% jump isn’t much, if it was really that great they would have jumped 20%”.

Well the low yesterday before results were released was 222.77 from what I can tell and today's high this morning hit 239.39, so a difference of 16.62. Not shabby.