Tesla Silences Critics, Sets New Records For Production And Deliveries In Second Quarter

Wow. So much for collapsing demand.

The Model X absolutely crushed the E-Tron in sales. Even the Model S sold WAY more than the Audi and it's OLD!

And just like Audi that produced record sales increase after record sales increase on paper until it was laughable, so Tesla is doing.

Keep telling yourself that.

So demand problem huh?

Most analysts predicted a good second quarter would be good from a delivery standpoint as Elon still had demand levers to pull, but he is pulling sales ahead. The sales rate is not sustainable. The anticipation is a lot a money was spent to acheive this so that Elon could try to convince investors that there is demand. If Tesla still lost money then the stock will crater.
And no, runninglogan, tesla did not outsell Audi e-tron globally. You are cherry picking NA sales to try to make tesla better.
Sad.

@Truthy

Lol. Did you just copy and paste that from last year? You've been saying the exact same thing forever and you've always been wrong. It's kinda funny and sad at the same time.

BTW, Model X sales are destroying the E-Tron in NA and not that far behind in Europe. Surprising for a four year old model that on average costs a lot more.

And then there's the Model 3...

your arrogance is unbelievable. You are getting the model X sales from Teslarati. Who hoo.

As I mentioned, it is still not at this time a financially viable concern. He had to borrow $2.7 billion to keep the operations running.
Elon pulled demand levers this quarter and everyone predicted it. Quarter 3 will be a repeat of quarter 1, but likely with greater losses and starting at significantly higher debt.
Audi is production constrained. It surprises how giddy you are about the X outselling the e-Tron in the quarter when the Audi has not been widely available in the US. More competitors with more resources are coming on stream. Tesla's business model only works with unending growth. When the growth stalls the whole house of cards tumbles.
I will allow you to pat yourself on the back now, but we will compare notes at the end of the third quarter.

Audi is more than just production constrained and sales still look to be quite good in the US even without the incentive. I'm seeing more trailers filled with Teslas than ever before on Bay Area freeways. I was hoping for a new incentive for demand at the start of Q3, apparently they don't think they need it.

BS.
„Everybody“ said they would NoT reach this goal.
So pls go play w yourself.

Keep the facts coming, FAQMD.

They got this point by borrowing $2.7 billion at a ridiculously high interest rate.

I still don't understand why some people are rooting against Tesla.

Its the same thing week after week - Tesla is doomed, Tesla is going bankrupt...blah blah blah....I guess they think if they keep saying it, it will come true...I don't get it either...

We are not rooting against Tesla. Elon changed the game by making luxury EVs, mainly the S, making it attractive and a good drive. This allowed for a larger battery and range. Up to that point EV efforts were on small efficient vehicles.
What annoys everyone is that all the Elon fanboys think this is the freatestcthing ever and they in turn are smarter than everyone else for buying one.
EVs still have significant drawbacks vs ICEs and it isn't that existing automobile manufacturers are making money for their shareholders and jumping into EVs will be a money loser. They can compete, but chose to wait. Hey, buy whatever you want, but keep your superiority complex hidden.

Elon Musk is reprehensible. That's reason enough.

That is a big art of it.
Have a happy 4th!

Tesla stock still dropped on Friday. Investors have lost trust in Musk and the company.

Lol.

Tesla stock closed at %234.90/share on July 3rd. This is fully 33 percent lower than January while the markets overall are hitting record highs. If you think this is something to cheer about you better do some research.
Goldman-Sachs target of $158/share by year end is still more realistic as if the markets beleived all is golden with Tesla it would be higher than January's number. Roh-roh.

Happy that Tesla is kicking arse despite all the odds and push back.
Not happy that big auto are not even trying to compete and built attractive EVs. Maybe they really can't. I can see them trying to buy Rivian and Lucid in a desperate move to stem the tsunami coming.

FAQMD, keep the facts coming.

It is not that they cannot compete. Look, seriously research how much profit Toyota, Ford, GM, VO, MB, BMW are making. Now look at how much money Tesla is losing and how much deby they have incurred - mountains. Everyone esle is putting billions away to withstand the next economic downturn. Why would these major car manufacturers pour money into a losing proposition? If you were a shareholder you would be upset. Do they need to prepare for the future, absolutely. But jumping in too soon is very high risk.

Tesla loses money on every car they make. So the sales volume is not relevant.

Plus now that we have H1 numbers, it is apparent that there is no way the company will meet 2019 production estimates.

20% gross margin on the Model 3, so no they do not lose money on every car sold.

Stop the „losing money with every car they make bullshit.
Or do you want to prove beyond any doubt that you are an idiot who has no idea how production works?

Why are you comparing Tesla to a luxury product?
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Have you ever driven one? It feels better than a similarly sized Mercedes or BMW.

Agreed

Want to impress me...do it five quarters in a row. Lots of strings can be pulled to juice one quarter.

Happy Fourth of July to all autospies.

Nice!!! Agree with that sentiment 100%, love the lively discussions but nothing personal here, would be fun to have an autospies get together for beers... er I mean coffee and cars. Happy 4th to you Truthy and the whole autospies community!!

We could have it at my "hangar"

Done! But only if I can drive your Lagonda and Jensen.

Happy 4th!

Tesla has never had a demand problem. Their problem is being able to build and sell vehicles profitably. Hopefully their Financials will show some progress in this area. If not they will soon have a world of problems when established players jump into the market and are able to undercut Tesla on price.

There is absolutely a demand problem. If not Elon would not be using demand levers to pull orders forward. You say their problem is not being able to build vehicles profitably, well that is the point, isn't it? There is not enough demand for these vehicles at the prices needed to make a profit. Demand problem.

They received more new orders in the last quarter than deliveries, that is not a demand problem. They also have not gotten the Model 3 to all international markets yet.