简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Shares of the company's stock rose more than 7% Tuesday after the production and delivery numbers were released.
Tesla on Tuesday released second-quarter delivery numbers that set a new company record, it said.
Shares of the company's stock rose more than 6% in after hours trading.
Visit Business Insider's homepage for more stories.
Tesla on Tuesday said it delivered a record-setting 95,200 cars in the first quarter of 2019.
Total production for the quarter ended June 31 exceeded deliveries, as is common, leaving a little about 7,400 cars in the lurch at the end of the reporting period.
Here are the numbers:
“We made significant progress streamlining our global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to our working capital position,” the company said in a press release.
The numbers released Tuesday topped many estimates by Wall Street analysts, despite those expectations being raised by some in recent days. Ahead of the report, Barclays analyst Brian Johnson, long a Tesla bear, upped his delivery estimates to 85,000 from 75,000, still well under the total reported by the company on Tuesday.
Shares of Tesla rose as much 7% following the numbers' release.
In the past week, Tesla has lost several vice presidents, including its head of European operations, production, and engineering.
Do you work for Tesla? Got a news tip? Get in touch with this reporter at grapier@businessinsider.com. Secure contact methods are available here.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The global market reacts to various developments, including Tesla's profit miss, China's interest rate cut, Bernard Arnault's net worth decline, and typhoon Gaemi's impact. The Mt. Gox compensation, Lineage Inc.'s IPO, and Netanyahu's speech in the US Congress also influence market dynamics. European banks' mixed performance, Canada's rate cut, and Russia's sanction issues add to the market fluctuations, along with South Korea's GDP contraction and stable oil prices.
Tesla faces ongoing struggles with profit misses, impacting its stock and investor confidence. Meanwhile, Alphabet Inc.'s strong Q2 earnings highlight robust demand in cloud services and advertising. Political developments in the US, with Vice President Kamala Harris rallying support, and India's budget aimed at job creation reflect significant economic shifts. Natural disasters and corporate news, such as Boeing's resumed 737 Max deliveries and Citi's upgrade of Coinbase, also influence market
Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm's value to over $1 trillion.
Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm's value to over $1 trillion.