Tesla delivered record 95,200 vehicles in the second quarter, vs. 91,000 expected
Deliveries for the company's biggest seller, the Model 3, were projected to hit 74,100 during the second quarter, according to FactSet. Deliveries for the Model S sedans and Model X SUVs were estimated at 8,200 and 8,400, respectively, according to FactSet.
"Delivery numbers are important, but we need to see the tea leaves look good for the second half," Dan Ives, an analyst with Wedbush Securities, said in an interview. Tesla's production target for the year is "still an Everest task, especially with competition coming at them from all angles. The real question is going to be is this sustainable?"
Tesla told investors in April it expected to "deliver between 90,000 and 100,000 vehicles in Q2. Although it is possible to deliver a higher number of vehicles."at its Fremont plant, Peter Hochholdinger, who was vice president of production. Tesla's stock has lost almost a third of its value over the last year and currently has a market value of about $40.2 billion.
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