AutoBeta(AutoBeta.net)09/27 Report--

According to media reports, Musk, CEO of Tesla, said in an email to employees that Tesla is expected to break the car delivery volume in the second quarter in the third quarter.

It is understood that Tesla CEO Musk said in an email to employees in May that 1000 Model 3s a day would be needed for the rest of the second quarter to set a new record for new car deliveries in the new quarter.

Tesla, who has attracted a lot of attention, officially announced its production capacity and delivery volume for the second quarter on July 2. data show that the company's production in the second quarter was 87000 vehicles, a record high; delivery volume was 95200 vehicles, an increase of 51% month-on-month and a year-on-year increase of 217%, also a record high.

There is little time left before the end of the third quarter, and on Sept. 26, according to media reports, Musk said in an email to employees that Tesla was expected to break the car delivery volume in the second quarter.

"We have an opportunity to achieve the first quarter of delivery of 100000 vehicles," Musk wrote, referring to third-quarter deliveries. "the net orders for electric cars we monitor are expected to reach about 110000, and demand is strong."

We believe we are ready to continue to increase total production and delivery in the third quarter, Tesla said when announcing the delivery volume.

Tesla expects to deliver 360000 to 400000 cars in 2019. In the first half of this year, the company delivered 158219 units, which means it needs to deliver 221781 units in the second half of the year, 40 per cent higher than in the first half, in order to reach the median of the expected range. Now, as the end of the third quarter approaches, the company seems to be trying to increase deliveries again.

RBC Capital Markets said in a research report that it raised Tesla's third-quarter delivery forecast to 97200 vehicles from 86300, but focused on the third-quarter results rather than delivery figures, which may once again show the tension between sales and profits.

On July 25, Tesla announced his second-quarter results, which showed that Tesla earned $6.35 billion in the second quarter, up from $4 billion in the same period last year, but posted a net loss of $408 million (about RMB 2.8 billion). The loss narrowed somewhat, compared with a loss of $718 million in the same period last year and a loss of $702 million in the first quarter.

With the delivery of cars and production reaching new highs, Tesla is still unable to turn losses into profits, causing investors' concern about Tesla's follow-up development. Tesla also said that he hopes to turn losses into profits in the third quarter and subsequent quarters.

Tesla is expected to release three quarterly reports in early November. Wall Street analysts expect Tesla to lose 42 cents a share and total revenue of $6.4 billion. By comparison, adjusted earnings per share were $2.90 and sales were $6.8 billion in the same period last year.

Tesla shares rose 6.1% to $242.56 on Sept. 26, the biggest increase in nearly four months. The increase reduced the cumulative decline in Tesla's share price this year to 27 per cent.

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