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.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
crook con artist put him in jail!
You misunderstand me. Yes it shot up but it came halfway down again. I am talking about buying it for the long term. 3 or 4 years minimum. If they came out with maxwell solid state batteries next month (as well they could). 25% more range, 1,000,00 miles life cycle, $8,000 cheaper what do you think will happen to the stock immediately? Now imagine that compounded by the production of double the volume of cars when tesla china factory stats producing them at the end of the year.
You could easily make 10 times what you invest now.
One more thing to think about. Elon Musk will be the richest man in the world in about 2 years when starlink really gets going. He hates tesla being public because of the SEC, he could literally buy Tesla at that point for a great profit to shareholders.
We should have listened to you.. We should have bought that stock damn.
Important to note that Elon stated this goal AHEAD of time, it’s not a post hoc rationalization.
I’ve been on this site a long time (under a bunch of different names)–long enough to remember when people like Goat Guy, and Pham Nguyen, and whatever that turd who doesn’t post here anymore calls himself, said that Tesla wouldn’t succeed, whatever that means.
It’s funny to me that none of those people will respond to this post.
For all the intelligence and experience brought to bear on stuff posted here, there’s an almost equal amount of fart-sniffing dogma. I don’t expect people to come forward and admit they were wrong–not because it’s not the right thing to do (it is), but because it’s entirely in keeping with their worldview: Tell everyone else how things *really* are, then hide when shit doesn’t go according to their plan.
Anyway: keep sniffing your farts, dudes. The world will forget about you soon enough.
Just sayin’
Jeff
I think most people forget Elon has already won his original goal. The whole point was to get people into electric cars. Most major car companies are now moving that direction so Tesla or not the battle is slowly being won.
Keep it up!!!
Bravo Elon.