It said 5,150 vehicles were on their way to customers at the end of June, and were expected to be delivered early in the ongoing third quarter. But it’s not just the general electric vehicle market where Tesla is a leader.
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Tesla reported that its vehicle production increased 20% to 18,345 per share in the second quarter.
USA electric carmaker Tesla has said it will fall short of its annual shipment targets, sparking worries about its production capabilities.
Tesla, led by Silicon Valley star Elon Musk, delivered 14,370 vehicles during the second quarter, missing its target of 17,000 vehicles, it said in a statement on Sunday.
Tesla Motors says its autopilot feature is improving all the time.
Now, Musk’s bad summer has gotten even worse as his electric auto company disclosed in a holiday weekend release that its vehicle deliveries in the second quarter fell well short of the company’s own expectations.
If the company can continue its production ramp (half of its Q2 production occurred in the final month of the quarter), it will be a strong sign to investors that the company is progressing towards to its sales goals.
Musk stressed manufacturing after reporting Tesla’s first-quarter results. “Harald Kruger, BMW’s CEO, said the Tesla crash was “really very sad” and that BMW would need “the next few years” to ideal its system”.
In addition, Tesla is trying to execute a $2.8 billion purchase of SolarCity Corp.
It defended itself with statistics that there is a fatality every 94 million miles, or 151 million kilometers, among all vehicles in the United States, and the Model S case was the first known fatality in over 130 million miles, 209 million kilometers, where autopilot was activated.
Tesla also claims that the Autopilot feature is still in its public “Beta” phase of development and that owners have to explicitly acknowledge the tech is in its infancy before using it on the public highway.
Tesla is calling the first US self-driving vehicle fatality -in which a Model S drove partially underneath a turning tractor-trailer – “extremely rare”.
But these figures are tiny compared to what Tesla hopes to achieve by 2018, when it wants to deliver 500,000 vehicles per year, or 9,600 vehicles per week.
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Following the announcement, Tesla stock fell slightly in after-hours weekend trading.
