Elon Musk Says Tesla Could Achieve Record Deliveries This Quarter

Elon Musk says that the Tesla has a shot of delivering a record number of vehicles this quarter.

In an email sent to employees on Wednesday night and obtained by Business Insider, the outspoken chief executive said that the car manufacturer needs to sustain an output of 1000 Model 3s per day for the rest of the quarter to deliver more vehicles than it ever has before.

“As of yesterday, we had over 50,000 net new orders for this quarter. Based on current trends, we have a good chance of exceeding the record 90,700 deliveries of Q4 last year and making this the highest deliveries/sales quarter in Tesla history! If we rally hard, we can do it!”, the email stated.

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Tesla’s best quarter came in Q4 2018 and ended what had been a difficult year on a high. Approximately 63,000 of the vehicles delivered in the final quarter last year were Model 3s, but total deliveries plummeted to 63,000 in the first quarter of 2019 following sales of the Model 3 kicking off in Europe and China. This reduced delivery figure was joined by a $702 million quarterly loss that came after the automaker recorded its first back-to-back profits in the second half of 2018.

Tesla could do with positive delivery numbers at the end of first quarter as it’s suffered through a difficult month as this week, the firm’s stock price fell to as low as $191, the lowest price since 2016.

“At the core of this decline is investors’ heightened concern about baseline demand following the fulfillment of initial pent up demand for Model 3 and the declining tax credit,” analyst Gene Munster said. “More recently, since the breakdown of US-China trade talks on May 5th, the case for Tesla missing their numbers has been strengthened.”

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  • Paulbe

    Looking for new creditors.

  • Daniela Wolf

    Like the last quarters?
    Elon pls we are disgusted by ur company.
    Just close it down…..

    • Big Black Duck

      i am not..so please speak for yourself next time

      • Jason Miller

        This.

      • Daniela Wolf

        Tesla Fanboy detected.^^

  • Swarm of Tesla hating comments in 1-2-3… What will satisfy you? The company is on track to sell half million vehicles in a year. It’s a fresh startup that just tweaked a Lotus Elise 10 years ago.

    • Matt

      I don’t think all the hate here is warranted, after all Tesla have pushed some very impressive technology onto the market. However this website covers the entire automotive landscape, and isn’t one of those closed-loop EV forum
      ecosystems so there will always be detractors.

      • Ben

        Impressive technology? Specifically what? Nothing Tesla is doing is revolutionary, but rather uncommon. They’ve not cornered the market on a new technology or anything close to that. Respect given for offering the choice of a decent EV, but its not like he’s changed how transportation will be.

        • MultiKdizzle

          Hmm.

          Long-range electric vehicles (200-300 miles) were note mass-produced prior to Tesla.
          Nor were a widespread network of charging systems.

          Tesla at the very least heralded a revolution, even if they have their fare share of competitors.

          • Ben

            A quarter of a century ago the EV1 had an approximate range of 100 miles with a lead acid battery and no regen features. Through linear progress of battery technology, regen and vehicle aero dynamics, Tesla was increased it to 200-300 miles. Hardly revolutionary. Remember, they were using laptop batteries.

            Revolutionary would be discovering a large leap in battery technology, something Tesla hasn’t done. Spending money to have outdoor outlets common in major cities isn’t revolutionary either. Its just a case of having the capital to do so and cooperative government who’s ready to hand out tax breaks and subsidies to anything EV related.

            At the very most, Tesla has heralded a revolution. As of yet, they have not done anything revolutionary.

    • Mr. EP9

      What will satisfy me? Oh, simple, Tesla turning a profit for years not every 2 or 3 quarters then go back to losing money like they did recently. The styling of the Model 3, X, and Y ain’t exactly appealing for that matter either.

      • Tesla is not here to make investors rich, I personally couldn’t care less about their profitability (even though I do invest in Tesla, but my priority is to help the electric revolution and this company is leading that). The Model 3, X and Y designs can divide opinions but one thing is for sure: they have extremely aerodynamic shapes. Why does it matter? Well, the Model X uses 20% less energy than the lighter and much smaller Audi E-tron and the electric Jag. Personal taste but I do think the Model 3 looks great. It has a Porsche feel to it and it costs fraction of that while being able to compete with them. Incredible achievement if you ask me.

        • Ben

          Tesla is not here to make investors rich, I personally couldn’t care less about their profitability

          Is that a quote from Elon or do you share the same opinion?

  • Mr. EP9

    But what about profits? Given how Tesla preformed last quarter, they better get back on track and fast.

  • Rocket

    Too much emphasis on volume, not enough on profitability. More deliveries are good, but at the end of the day stockholders are looking for ROI.

    • Ben

      Volume, assuming bought, would mean more relevancy. If he’s got to sell at a lower volume then price would need to increase to meet their debt and profit projections. I don’t know how this is sustainable once other EVs seriously enter the market and fiercely compete. Tesla has had the market nearly to themselves and still tripping over their charge cables.

  • Ben

    We’ll soon wait for the next gimmick feature that will draw in people. I still can’t believe how the Tesla Semi truck lit up so many eyes of people who’ve got nothing to do with the trucking industry. The way they cheered you would have thought Elon was paying off student loans!

  • Bash

    Ah, here we go again!

  • Paul

    Promises, promises.

  • Craig

    Chasing numbers is what got Toyota in trouble. The focus should be on building better cars. Not just more of them.

  • MarkoS

    If the multiple Truck Loads I seen on Northern I-5 are any indication, Tesla seems to be getting on track. The question will be can Tesla maintain its edge with the onslaught of upcoming competition.

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