Tesla Delivers a Three Month Record 95,200 Cars

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.