Tesla set ambitious goals, but may not achieve one of them as planned.
Recent reports show that Tesla has delivered 49,000 cars in North America during Q2, missing their target and causing a 1.7% drop in the company’s stock.
Elon Musk, Tesla’s CEO, had announced plans to break delivery records this quarter after sending a record 90,700 cars in North America at the end of 2018. Musk remains confident that Tesla has sufficient orders to reach another record delivery quarter.
While exact global delivery numbers were not disclosed, Tesla’s international deliveries, particularly in countries like China and Norway, could help them achieve a new record. Despite having 12,000 orders ready in North America, concerns arise from the 31% drop in Q1 deliveries in the region, reflecting challenges in meeting delivery and profit goals. Tesla continues to address manufacturing and cash flow issues amid high demand for their vehicles. Investor concerns are also influenced by factors such as the US-China trade tensions and the popularity of models like the Model 3 sedan.