Tesla Dumbfounds The Industry, Powers Through COVID-19 In Q2 And Blows Away Analysts Estimates

Tesla delivered 90,650 vehicles in the second quarter of this year, a figure that leaves Wall Street estimates in the dust. Industry analysts prepared for a lower delivery total of between 60,000 and 80,000 cars, considering Tesla's signature plant in Fremont, California was shut down for over a month due to the coronavirus pandemic.

 

Despite that, Tesla said in a brief announcement, "We have successfully ramped production back to prior levels." The news sent Tesla shares soaring nearly 9% at the time of this writing.

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supermoto - 7/2/2020 10:30:29 AM

-3 Boost

Losing money on every car sold is not a sustainable business model.

Hauerg - 7/2/2020 12:17:18 PM

+5 Boost

Repeating this over and over just makes yolu look like an idiot.

MDarringer - 7/2/2020 12:57:42 PM

-3 Boost

Do you not get that you're committing the sin you profess to be against?

SanJoseDriver - 7/3/2020 9:43:09 PM

+2 Boost

Two profitable quarters in a row, and perhaps a third... let's see.

MDarringer - 7/2/2020 11:12:23 AM

-3 Boost

Because Elon said fuck you to the bitch in Alameda.

jeffgall - 7/2/2020 11:39:03 AM

0 Boost

To put in context, GM delivered 492K, Ford 433K, and FCA 367K in the U.S. only in Q2. And they are sure to have profited better. So why is Tesla the #1 most valued automotive company. Even with a very forward growth assumption, it still feels to be over valued. The retail investors are over inflating the value.

MDarringer - 7/2/2020 12:01:08 PM

+1 Boost

As Carlosasshatter says: "It's all in the valuation. Make up shit, baby and lie!"

Hauerg - 7/2/2020 12:19:26 PM

+4 Boost

Always worth coming back to this site to see that MDarringer is still the same shithead he was last time.

MDarringer - 7/2/2020 12:55:32 PM

-3 Boost

And you the same played token as usual.

Truthy - 7/2/2020 3:31:52 PM

-1 Boost

And he is not wrong. Delivering 90,000 shitty cars at a loss says what? How is that successful? Corporations exist to make money. To date, Tesla has not done this sustainably.

MrEE - 7/2/2020 3:46:03 PM

+4 Boost

Poor Gordon Johnson who was recently on CNBC making a panic sounding case for shorting the stock. I hope he has a backup career plan.