Tesla delivered 95,200 cars during the three months ending June 30 — a 51.1% increase over a weak first quarter and beat its previous record of 90,700 deliveries set in the fourth quarter of 2018.
Tesla said orders generated during the quarter exceeded deliveries. They are entering Q3 with an increase in our order backlog. They are well positioned to continue growing total production and deliveries in Q3.
This counters the cases of those who are against Tesla stock. They said that Tesla had a shortage of orders and would not be able to deliver so many cars.
Tesla delivered 77,550 Model 3’s compared with 74,100 estimated by analysts.
Combined deliveries for the Model S and Model X were 17,650 which also beat estimates of 16,600.
Tesla said 7,400 vehicles were being shipped and were on the way to delivery. Those sales will show up in its third-quarter report.
Tesla stock is up 7% in after-hours trading to $240. This would be a valuation of about $42.5 billion.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.