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Tesla Misses Q2 Delivery Target But Increases Production
The company explained that an “extreme production ramp led to nearly half of the quarter’s output in the last four weeks”.
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In Q2, Tesla delivered 9,745 Model S cars and 4,625 of its newer Model X crossovers, which debuted late a year ago.
Investors have lately started to show their reluctance towards Tesla’s ambitious goals of selling 500,000 cars by 2018, as the latest misses have put under doubt the company’s ability of handling the hype around its upcoming 35.000-dollar Model 3.
On an aggregate basis, 5,150 customer-ordered cars were still in transit towards the end of the second quarter and are expected to be delivered in early third quarter. That’s below the company’s prior guidance for delivering 80,000 to 90,000 vehicles this year.
Its first mass-market auto – the Model 3 – is set to go into production late next year. To achieve that, it must deliver an average of at least 25,405 vehicles per quarter for the next two quarters.
“This is not the first time Tesla has missed an aggressive target”, wrote financial analysts at Deutsche Bank in a report issued over the weekend.
“A$3 pproximately half a million people would have been saved if the Tesla autopilot was universally available”, Musk points out.
Elon Musk’s Tesla isn’t growing as prolifically as some might believe.
Getting accurate information from Tesla Motors about how many cars it delivered in a quarter in various markets around the world is always hard.
According to the NHTSA the fatal accident “calls for an examination of the design and performance of any driving aids in use at the time of the crash”.
At least 70,000 Tesla vehicles worldwide have the Autopilot feature, and the fatal crash has drawn renewed attention to the debate over what kind of guidelines the National Highway Traffic Safety Administration should set regarding semi-autonomous and self-driving cars on USA roads.
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Tesla shipped 14,370 cars in the second quarter of the year, missing its sales target from May by 15 percent. The difference – a large jump in the number of cars that are on their way to dealers.