Close
Date TimeJuly 02, 2019
VoiceTesla 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.
Tesla stock surges after setting new delivery and production records
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.
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.”
Tesla’s deliveries also blew away analysts’ estimates of 91,000, according to data compiled by FactSet. A disappointing 63,000 vehicles were delivered during the first three months of the year, when Tesla was plagued by challenges transporting cars from its factory in Fremont, California, across the world as well as questions about waning customer demand.
“In addition, 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 announcing its results.
Tesla’s orders aren’t fully reflected in its delivery numbers until a buyer takes possession of their new car. The company said 7,400 vehicles were still in transit, but not yet delivered, during the second quarter. Those sales will show up in its third-quarter report.
Tesla is facing increased competition for the high-end electric sports car market as automakers from Ford to Jaguar invest billions of dollars to develop their own electric lineups. Volkswagen and Mercedes-Benz began taking orders in May for new battery-electric vehicles with plans to roll out more models in the coming years. Jaguar’s I-Pace all-electric SUV swept industry awards at the New York Auto Show in April.
Deliveries for the company’s biggest seller, the Model 3, were 77,550 compared with 74,100 estimated by analysts. Combined deliveries for the Model S sedans and Model X SUVs were 17,650, also beating estimates of 16,600, according to FactSet data.
“Delivery numbers are important, but we need to see the tea leaves look good for the second half,” Ives 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.”
The company also recently lost one of its top manufacturing executives 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 the company’s market cap is at about $40 billion.

Related Stories
Man killed, wife injured after Tesla runs red light near San Franciscos Union SquareMan killed, wife injured after Tesla runs red light near San Francisco's Union Square
Elon Musks Neuralink hopes to put sensors in human brains next yearElon Musk's Neuralink hopes to put sensors in human brains next year
Jeffrey Epstein and Ghislaine Maxwell boasted of collecting compromising material on the rich and famousJeffrey Epstein and Ghislaine Maxwell 'boasted of collecting compromising material on the rich and famous'
Microsoft invests $1 billion in artificial intelligence project co-founded by Elon MuskMicrosoft invests $1 billion in artificial intelligence project co-founded by Elon Musk
Elon Musk says free self-driving chip upgrade could come to older Teslas this yearElon Musk says free self-driving chip upgrade could come to older Teslas this year
SpaceX’s Starhopper Makes Its First Free Flying LeapSpaceX’s Starhopper Makes Its First Free Flying Leap
Tesla Posts Record Deliveries in Q2 2019, But Still Lost $408 MillionTesla Posts Record Deliveries in Q2 2019, But Still Lost $408 Million
Tesla electric car catches fire after hitting tow truck in MoscowTesla electric car catches fire after hitting tow truck in Moscow
This math equation is dividing the internet, and no one can agree on an answerThis math equation is dividing the internet, and no one can agree on an answer
Watch a Tesla Model 3 on Autopilot crash into a parked truck and burst into flamesWatch a Tesla Model 3 on Autopilot crash into a parked truck and burst into flames
Latest News
8 Common Mistakes We Make Cooking Frozen Vegetables8 Common Mistakes We Make Cooking Frozen Vegetables
How Do Weight Loss Injections Like SkinnyJab Work – And Are They Safe?How Do Weight Loss Injections Like SkinnyJab Work – And Are They Safe?
Hong Kong readies for more mass protests after huge, peaceful rallyHong Kong readies for more mass protests after huge, peaceful rally
Iranian tanker sets sail from Gibraltar after US detention request rejectedIranian tanker sets sail from Gibraltar after US detention request rejected
Trade wars losers could include microchips, energy, banksTrade war's losers could include microchips, energy, banks
Migrant rescue ship stuck off Italy rejects Spain port offerMigrant rescue ship stuck off Italy rejects Spain port offer
AOC Laughs Off Trump’s Suggestion She’s Jealous of Squad SistersAOC Laughs Off Trump’s Suggestion She’s Jealous of Squad Sisters
Israeli troops kill 3 Palestinians near Gaza fenceIsraeli troops kill 3 Palestinians near Gaza fence
Trump Says U.S. Is Talking With China but Not Ready for a DealTrump Says U.S. Is Talking With China but Not Ready for a Deal
Asian markets rally on fresh hopes for trade talksAsian markets rally on fresh hopes for trade talks
Leaders
Donald-TrumpDonald Trump
45th President of the United States of America
Mike-PenceMike Pence
Vice President of the United States
Theresa-MayTheresa May
British Prime Minister
Angela-MerkelAngela Merkel
Chancellor of Germany
Emmanuel-MacronEmmanuel Macron
President of France
Justin-TrudeauJustin Trudeau
Prime Minister of Canada
Nancy-PelosiNancy Pelosi
Speaker of the United States House of Representatives
Barack-ObamaBarack Obama
44th U.S. President
Vladimir-PutinVladimir Putin
Russian President
Shinzo-AbeShinzō Abe
Prime Minister of Japan
Related Stories
Man killed, wife injured after Tesla runs red light near San Franciscos Union SquareMan killed, wife injured after Tesla runs red light near San Francisco's Union Square
Elon Musks Neuralink hopes to put sensors in human brains next yearElon Musk's Neuralink hopes to put sensors in human brains next year
Jeffrey Epstein and Ghislaine Maxwell boasted of collecting compromising material on the rich and famousJeffrey Epstein and Ghislaine Maxwell 'boasted of collecting compromising material on the rich and famous'
Microsoft invests $1 billion in artificial intelligence project co-founded by Elon MuskMicrosoft invests $1 billion in artificial intelligence project co-founded by Elon Musk
Elon Musk says free self-driving chip upgrade could come to older Teslas this yearElon Musk says free self-driving chip upgrade could come to older Teslas this year
SpaceX’s Starhopper Makes Its First Free Flying LeapSpaceX’s Starhopper Makes Its First Free Flying Leap
Tesla Posts Record Deliveries in Q2 2019, But Still Lost $408 MillionTesla Posts Record Deliveries in Q2 2019, But Still Lost $408 Million
Tesla electric car catches fire after hitting tow truck in MoscowTesla electric car catches fire after hitting tow truck in Moscow
This math equation is dividing the internet, and no one can agree on an answerThis math equation is dividing the internet, and no one can agree on an answer
Watch a Tesla Model 3 on Autopilot crash into a parked truck and burst into flamesWatch a Tesla Model 3 on Autopilot crash into a parked truck and burst into flames
Latest News
8 Common Mistakes We Make Cooking Frozen Vegetables8 Common Mistakes We Make Cooking Frozen Vegetables
How Do Weight Loss Injections Like SkinnyJab Work – And Are They Safe?How Do Weight Loss Injections Like SkinnyJab Work – And Are They Safe?
Hong Kong readies for more mass protests after huge, peaceful rallyHong Kong readies for more mass protests after huge, peaceful rally
Iranian tanker sets sail from Gibraltar after US detention request rejectedIranian tanker sets sail from Gibraltar after US detention request rejected
Trade wars losers could include microchips, energy, banksTrade war's losers could include microchips, energy, banks
Migrant rescue ship stuck off Italy rejects Spain port offerMigrant rescue ship stuck off Italy rejects Spain port offer
AOC Laughs Off Trump’s Suggestion She’s Jealous of Squad SistersAOC Laughs Off Trump’s Suggestion She’s Jealous of Squad Sisters
Israeli troops kill 3 Palestinians near Gaza fenceIsraeli troops kill 3 Palestinians near Gaza fence
Trump Says U.S. Is Talking With China but Not Ready for a DealTrump Says U.S. Is Talking With China but Not Ready for a Deal
Asian markets rally on fresh hopes for trade talksAsian markets rally on fresh hopes for trade talks
Leaders
Donald-TrumpDonald Trump
45th President of the United States of America
Mike-PenceMike Pence
Vice President of the United States
Theresa-MayTheresa May
British Prime Minister
Angela-MerkelAngela Merkel
Chancellor of Germany
Emmanuel-MacronEmmanuel Macron
President of France
Justin-TrudeauJustin Trudeau
Prime Minister of Canada
Nancy-PelosiNancy Pelosi
Speaker of the United States House of Representatives
Barack-ObamaBarack Obama
44th U.S. President
Vladimir-PutinVladimir Putin
Russian President
Shinzo-AbeShinzō Abe
Prime Minister of Japan
2020 Census Won’t Have Citizenship Question as Trump Administration Drops Effort
US duty free magnates fund controversial Israeli settlements
Harris surges, Biden slips after debate: new poll
‘Midsommar’ Review: Building a Horror Møusetrap With Swedish Bait
Love Island Results: Amber Left Single After Michael Recouples With Joanna
England Knocked Out Of Women's World Cup After Defeat To USA In Semi-Final
Trump administration charging undocumented immigrants $500,000 ahead of planned mass raids
Navy SEAL acquitted of murder in killing of captive in Iraq
There Are 500,000 U.S. Citizens Living in Mexico
Government photos show detained migrants pleading for help
Xi urged Trump to ease North Korea sanctions in 'timely' fashion
800-Horsepower 1968 Plymouth GTX Is Big, Bad, And Pink
Iran trying to 'blackmail' world by violating nuclear deal: Netanyahu
As U.S. Forces Gather Near Iran (Think F-22s and F-35s), Russia Jams Their GPS
Mike Pence abruptly returns to White House as reports of ‘emergency’ situation spark online misinformation
Christine Lagarde continues to break glass ceilings
Carrie Lam: Hong Kong's divisive, pro-Beijing leader
Jury reviews testimony on knife in Navy SEAL murder case
US Border Patrol chief responds to lewd officer Facebook group, after reports of 'hostility' from members of congress
Mom who tried to kill baby held in his death 11 years later
Secret Service agent who served president dies in tragic accident
Virginia Beach worker charged; won't return to crime scene
Iran Risks Rift With Europe by Breaching Nuclear Deal Limit
Can China Track and Shoot Down the F-22?
Hong Kong grapples with protest aftermath as China demands criminal probe
NASA tests abort system for spacecraft that will carry humans to the moon in 2024
Khloé Kardashian gets reminded of weight struggles after calling Jordyn Woods 'fat'
Prince Harry Ignoring Meghan Markle at a Baseball Game Prove Royals Are as Awkward as Us
Miley Cyrus wears vagina dentata catsuit in 'Mother's Daughter' video
Apex Legends Season 2 Battle Charge: New weapons, characters and game modes come to battle royale sensation in latest update
Women's Ashes: Ellyse Perry out after 'wonderful glovework' by Sarah Taylor
Tanguy Ndombele signs six-year Tottenham deal to seal 55m move
WNBA Player Sue Bird Defended Her Girlfriend Megan Rapinoe After Trump Came After The Soccer Star
Automakers report dip in US sales through midyear
Watch the first trailer for Rian Johnson's star-studded murder-mystery Knives Out
Why the Glock 42 Is One Tough (But Small) Gun
Booker Vows to ‘Virtually Eliminate Immigration Detention,’ Expand Asylum Program
Salvadoran President on Death of Drowned Father and Daughter: ‘It Is Our Fault’
Ivanka’s North Korea Photobombs Perplex White House Officials
LAPD opens internal affairs inquiry in Nipsey Hussle case
Jury resumes deliberations in U.S. Navy SEAL's war crimes trial
‘Fox Friends’ Host: Overcrowded Detention Camps Just Like House Party With Too Many People
Trump returns to critics after historic N.Korea stop
Facebook will ban ads that tell people in U.S. not to vote
A Pilot's Incredible Tale of the Iran-Iraq War
Hong Kong on Edge After Historic Night of Vandalism and Tear Gas
US officials attend Israeli settler-linked event in Jerusalem
Jewish protesters block entrance to Trump administration's 'concentration camps' for migrants
'Hong Kong is not China': Protests pose major test for Xi
Another massive outage takes down many of the internet’s biggest sites and service
Gateway Bronco Will Build The Ford Bronco Of Your Dreams
White House issues nonsensical statement about Iran nuclear deal
Grand jury indicts woman for Las Vegas manicurist's death
Venezuelan deputy faces trial for drone 'hit' attempt on Maduro
Trump suggests homelessness is a 'phenomenon that started two years ago' in barely comprehensible interview
Mexico president wants to disband entire army: 'We are a pacifist country'
Group say conditions dire for asylum seekers stuck in Mexico
This fake iPhone 11 Max hands-on video is still our best look yet at Apple’s next-gen iPhone
Jury to resume deliberations in U.S. Navy SEAL's war crimes trial
Tristan Thompson wants Khloe Kardashian back
Trump Accuses Twitter Of Possibly Illegal Activity Against Him In Fox Interview
Trump campaign announces $105M fundraising haul, blowing past Dem candidates
KT Tunstall: ‘It was disappointing’ Singer speaks out on Long Lost Family discovery
Trump 'demands US military chiefs stand next to him' at 4th of July parade
Andy Murray set for dream doubles partnership with Serena Williams
Brexit party MEPs turn backs on Ode to Joy at European parliament
Arizona Gov. Ducey to pull Nike plant incentives over reported Colin Kaepernick, Betsy Ross flag flap
World watches China's reaction to Hong Kong protests as fears of military involvement grow
Scientists conclude cigar-shaped interstellar object not an alien spaceship
Democrats, Beware of Andrew Yang’s Insane Vision for America
The U.S. Navy's Little Disaster Ship Is a Real-World Nightmare
Elon Musk believes electric planes will become more practical in about 5 years
Joe Biden criticised by crowd for suggesting mocking a ‘gay waiter’ was more socially acceptable five years ago
Horror: What Would Happen If an Aircraft Carrier Was Sunk?
Trump aide lashes out at N.Korea nuclear freeze idea
This Iranian Commander Kept Secret That Israeli F-35 Stealth Fighters Had Violated Iran Airspace
Trump news: President 'demanding tanks on DC streets for July Fourth', amid growing questions over Ivanka role
Secret Facebook group appears to show US border agents mocking death of migrant teenager
Border Patrol agents 'telling migrants to drink from toilet' at US detention camps, as squalid conditions exposed
7 paid iPhone apps on sale for free on July 1st
Border Patrol agents 'shared sexually explicit posts about AOC in secret Facebook group'
How Taiwan Can Defend Its Coastline Against China
The Latest: Boy drowns after mom tried to drown him in 2008
South Korea's Moon calls Trump-Kim summit end of hostility
Hong Kong protests: Defiant Carrie Lam condemns storming of parliament and vows to take action
Trump claim Obama begged for Kim Jong Un meeting dismissed by former US intelligence chief: 'I don't know where he's getting that'
North Korea upbeat on Trump-Kim surprise meeting as a chance to push nuclear talks
Protesters ransack Hong Kong parliament on China handover anniversary
At DMZ, step into history for Trump as he offers hand to Kim
Khloe Kardashian Faces Backlash After Calling Jordyn Woods ‘Fat’ On ‘KUWTK’
Kim Kardashian West backs down over 'Kimono' lingerie range
Prince Harry and Meghan Markle Weren't Kidding About Raising Archie As a Private Citizen
Selena Gomez Stuns In White One-Piece Swimsuit During Cousin’s Bachelorette Party In Mexico
Ivanka's North Korea Photobombs Perplex White House Officials
Nike dropped Betsy Ross-themed Fourth of July sneaker after Colin Kaepernick complained, report says
'The Bachelorette': Hannah breaks 3 hearts; Luke calls (and drops) baloney on Garrett
Arsenal plot 12m bid for Hull City’s Jarrod Bowen
Tim Cook says Apple is working on products that ‘will blow you away’
'Parliamentary bible' Erskine May available online for free
Jury begins deliberations in U.S. Navy SEAL's war crimes trial
Riot police clear away protesters from Hong Kong legislature
Trump to Tucker Carlson on Fox News: Homelessness Is a ‘Phenomenon That Started Two Years Ago’
Contractor says suspect in killing wanted secret room
Navy Seals discussed chief officer's alleged war crimes in WhatsApp group, trial hears
Turkish police disperse banned LGBT march with tear gas
Feminism Begins at Home, Ivanka Trump
Hong Kong protesters block roads before handover ceremony
Epic! New York's Pride parade lasted over 12 hours
When is Robert Mueller set to testify to Congress and what can we expect?
Prototype 1996 Pontiac Trans Am WS6 Is A Rare Treat
Stray 'Russian-made missile' suspected of hitting northern Cyprus
Trump to Tucker Carlson: Homelessness Is a ‘Phenomenon That Started Two Years Ago’
Bodies of Salvadoran migrants return home after harrowing border deaths
Mackenzie Lueck: Amazon Pulls Novel by Murder Suspect Ayoola Ajayi
PM contender Hunt sets out plans to prepare Britain for no-deal Brexit
W. House hopeful Biden's son held at gunpoint during crack buy: report
Hong Kong riot police fire tear gas at protesters after they storm legislature on anniversary of handover to China
Millions celebrate LGBTQ pride in New York amid global fight for equality: organizers
Trump says Iran 'playing with fire' after nuclear deal limit breached
DMZ: the world's last Cold War frontier
The Story of an Air Force Defector to Iran
Prosecutor tells jury to use SEAL's own words to convict him
The Latest: Vigil held for slain university student
W.House hopeful Buttigieg raises $25M, cements top tier status
Team Trump’s Game Plan to Destroy Mueller: Hound Him About ‘FBI Lovers’
Trump Meets Kim at the DMZ: Useful Symbolism, but Little Substance Yet
Hong Kong police retake parliament from anti-government protesters
Fox News Hosts Admit They’d Attack Obama for Meeting With Kim Jong Un
Alexandria Ocasio-Cortez says migrant women told to 'drink out of toilets' and subjected to 'psychological warfare', after detention centre visit
Children at the border: the crisis that America wasn't prepared for
Recorder found in Texas plane crash; some victims identified
Ocasio-Cortez describes 'horrifying' conditions at Texas migrant facility
Birds at border prompt S. Korea to launch jets, issue alert
Lawyers make closing arguments in U.S. Navy SEAL's war crimes trial
Civil Rights Watchdogs Say Facebook Is Still Failing on White Supremacy
Buttigieg Campaign Raises $24.8 Million in Second Quarter
Merkel Faces Resistance to Her EU Jobs Plan From Allies and Foes
Plane crash in Texas kills 10: officials
A New North Korea in the Era of 'Trumplomacy'
The Latest: Rape report against slaying suspect released
Julián Castro calls Trump Jr a ‘coward’ over racist attack on Kamala Harris
Tucker Carlson: Leading a Country ‘Means Killing People’
Mexico deploys new National Guard to stem violent crime
U.S. Navy SEAL's war crimes trial winds to close in San Diego
Probe opened into Border Patrol Facebook group that mocked migrants
The Latest: Trump, Macron discuss Iran exceeding nuke limit
The Case for Optimism After the Trump-Kim Handshake Summit
Oregon Democrats demand investigation into Republican state senator who threatened to kill a police officer
Sad: Iran's Kowsar Jet Is Just an Old Copy of an F-5F
Star Wars 9 The Rise of Skywalker ENDING ‘very satisfying’ teases Daisy Ridley
Rachel Riley’s husband Pasha Kovalev lied to Strictly co-star Ashley Roberts about wedding
Taylor Swift vents over sale of her music catalog
CNN Poll: Harris and Warren rise and Biden slides after first Democratic debates
Los Angeles Angels pitcher Tyler Skaggs dies aged 27
Texas plane crash: Aircraft smashes into hangar in deadly accident during takeoff
Girl recalls poor care in Texas border station
Judge: Rep. Duncan Hunter's trial can detail alleged affairs
The Latest: Prosecutor: killing shown in Navy SEAL's words
Top Selling Cars From Barrett-Jackson Northeast Auction
Iran breaches uranium enrichment limit, hinting at Trump’s failing brinkmanship strategy
US officials inaugurated 'fake' archaeology project: senior Palestinian
Rep. Hunter tells judge corruption case is political bias
Iran says it exceeds enriched uranium stockpile limit
Ivanka Trump Predicts ‘Golden Era’ for North Korea in Nuke Deal
Donald Trump Jr shares and then deletes tweet questioning Kamala Harris’s blackness
Trump’s Visit to North Korea is an Alarming Message to China
Whales targeted by Japan face extinction threat
Protesters Seize Hong Kong Legislature and Raise—Now It’s China’s Move
Mysterious interstellar object Oumuamua is not an alien spaceship but scientists are still baffled
Mexicans hail Paris designer amid cultural appropriation row
Britain warns China to abide by one-country-two-systems rule ahead of anniversary protests
Trump talk of easing Huawei ban lifts suppliers' shares despite doubts
Plane crash in Texas kills 10 people: officials
Democrats demand action on Republican who threatened police
Freak hail storm strikes Mexican city of Guadalajara
Trump nepotism attacked after 'out-of-her-depth' Ivanka given key summit role
Priyanka Chopra Wipes Away Tears At Joe Jonas & Sophie Turner’s Wedding in Touching Photo
Warren Buffett is donating $3.6 billion more to charity
Deeply divided, EU leaders halt talks after no deal on top jobs
Trump’s Whirlwind Diplomacy Means Great Photos, Unclear Results
NYC prepares for huge Gay Pride on Stonewall's 50th anniversary
Naomi Osaka in tears at Wimbledon as pressure question compounds Yulia Putintseva defeat
Heat trade Hassan Whiteside to Portland Trail Blazers
Protesters take over Hong Kong's legislature
Cori Gauff, 15, eclipses Venus Williams in Wimbledon first round
Errant missile from Syria-Israel clash lands on Cyprus
Civilians among 15 dead in Israeli strikes in Syria: monitor
Palestinians release businessman who attended US conference
With Kavanaugh in Place, Supreme Court Takes Bumpy Right Turn
Oil steadies on OPEC cuts, but oversupply fears persist
Crock-Pot Cook Carry on sale at Walmart #8212; save $10
Mexican leader admits shortcomings on security at launch of new police force
Why Donald Trump Will Push Iran Into a War
World Pride parade preempted by anti-corporate dissidents
Turkey's Erdogan says 'never possible' to consider U.S. plan for Middle East: NTV
Why America Prefers a Weak and Peaceful Europe
UN confirms that Iran has breached 2015 nuclear agreement
Israel will be destroyed in half an hour if America attacks Iran: senior Iranian MP
Closing arguments due in Navy SEAL court-martial
Booker not sure Biden ‘up to the task’ of fixing US racial injustice
Close