Tesla Inc is on course to deliver a record number of cars in the second quarter,...
- Tesla Inc is on course to deliver a record number of cars in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an internal email from Chief Executive Officer Elon Musk to staff.
Demand for Model 3 sedan and Tesla’s other cars has moved to the top of investors’ list of concerns around the company after it reported slack first-quarter demand for its vehicles against a backdrop of U.S.-China trade tensions. “It’s the usual Elon Musk scheme: spread positive mood with good news. Elon is a marketing man, but the Tesla reality is sobering,” Nord LB analyst Frank Schwope said.
Under a deal with the SEC, Musk had agreed to get some of his statements reviewed by Tesla’s legal counsel before publication, including financial statements and unreported production and delivery numbers. Tesla had reported a 31 percent fall in first-quarter deliveries and had warned that profit would be delayed until the latter half of the year as it struggled with shipments of Model 3 to China and Europe due to longer transit time.
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