Tesla released its Q2 delivery and production numbers after the bell on Tuesday, posting document production of 87,048 automobiles and record deliveries of about 95,200 cars.
In its release, the company also says it”made significant progress streamlining [its] global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to [its] working capital position.”
The company also provided advice for the Q3, asserting that its backlog had increased:
Orders surpassed our deliveries we are entering Q3 with the increase in our order backlog. We think we are well positioned to keep on growing production and deliveries in Q3.
At least for now, it ends up that Tesla’s”leaked” mails realising that the good news well in advance were equally true, and not yet priced from the industry. Shares are up by more than 8 percent in the session on the information.
As significant as what the release contained may be what it excluded Mark Spiegel mentioned on Twitter.
The next sentence was at the $TSLA Q1 deliveries record. It’s missing from today’s Q2 report:
“We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019.”
— Mark B. Spiegel (@markbspiegel) July 2, 2019
The company appears to have staved off its critics for now – but no sooner are these numbers released than the market will eagerly awaiting the Q2 financials.
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