Tesla again has significantly surpassed estimates of wall Street, reporting 90650 delivered cars to customers in the second quarter. In this case, the number produced over a quarter of cars was 82272, the decline in production was due to a temporary cessation of operation of the plant in Fremont because of the pandemic.
Tesla stock (TSLA) has reached its new peak on Thursday, jumped by 7.95% to price of $1208,66. The electric car manufacturer Tesla was valued as the most expensive in the world (by market capitalization) company-automaker, ahead of world leader Toyota Motor.
Since the beginning of the year, Tesla’s shares increased by 189% growth over the last three months amounted to 166%.
On Thursday, Tesla announced that it has delivered to clients 90 650 electric vehicles for the three months ended 30 June (for the second fin. quarter), significantly ahead of the rate wall street, constituting 72 000 vehicles. The result exceeded even the wide range of analysts ‘ estimates compiled by Bloomberg, the average of the expectations of which amounted to 83 000 cars Tesla delivered in the second quarter.
Sales of Tesla surprise since they turned out much better than most of its competitors. Marketinfo.pro recently wrote about the sales of the same quarter, General Motors (GM), Fiat Chrysler (FAUC), and Toyota Motor, and Ford (F), which declined by more than 30%, since the conditions of a pandemic have forced factories and dealerships to close temporarily, and consumers have reduced their travel, as were quarantined at home.
Deliveries of Tesla fell by only 4.8% compared to the same quarter last year. 90 650 aggregate supply, 80 050, was the most affordable Model 3 sedan and SUV Model Y-10 600 – made supplies of the older and more expensive cars of the Model S and X. unfortunately, Tesla did not provide more detailed data on the quantity sold of Model Y and the breakdown of supply by geographical region.
For the 2nd quarter Tesla produced 82 272 of the car, including 75 496 cars Model 3 and Model Y and only 6 326 Model S and X. How much of this amount was produced in the largest U.S. plant in Fremont and the new plant in Shanghai is not known.
The production volume of Q2 is lower than 102 672 vehicles Tesla produced in the previous 1 quarter, and lower than 87 048 of cars produced in Q2 fin. 2019.
The decrease in production was due to temporary closure of the main company’s factory in Fremont for a few weeks. Plant employees began returning to work starting may 11 at the call of the gene. Director of Tesla Elon musk, who spoke against blocking the operation of the plant by the authorities of Alameda County, went to court and threatened to move headquarters and a new production program to Nevada or Texas.
Among the analysts positively assessed the steps Tesla began lowering prices and plans to open new plants. To boost demand for its electric cars, Tesla has significantly reduced prices in the second quarter in North America and China. In addition, the media leaked information about the plans of Tesla to create a complex for the production of batteries in Fremont and build a new car plant for the production of Cybertruck and Model Y in Austin, Texas.
The company received positive news from China, where in may, sales rebounded to 11 095 made in Shanghai Model 3, according to the China Association of passenger vehicles.
At the same time, in the US, Tesla also faced with two new Federal investigations: one related to a failure of the touch screen in vehicles, and the other with the cooling system of the battery, a problem which may present a risk of fire in the Model S.
Anyway, Tesla sales, surpassing estimates and the industry average, speak for themselves. These indexes give encouraging signals for the future financial report, expected on July 22. The previous three quarter, Tesla reported profits.
