Tesla [TSLA] 2nd Quarter Production & Delivery Numbers Are …

Credit to Author: Zachary Shahan| Date: Thu, 02 Jul 2020 12:38:30 +0000

Published on July 2nd, 2020 | by Zachary Shahan

July 2nd, 2020 by  

A top engineer on the Tesla Model 3 production line being interviewed by CleanTechnica in 2019. Photo by Chanan Bos, CleanTechnica.

Tesla has published its Q2 2020 production and delivery numbers. (Look’s like CleanTechnica‘s Frugal Moogal nailed it.) We’ll have more on this later, but here’s Tesla’s short press release:

Palo Alto, California — In the second quarter, we produced over 82,000 vehicles and delivered approximately 90,650 vehicles.

While our main factory in Fremont was shut down for much of the quarter, we have successfully ramped production back to prior levels.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

Again, stay tuned for more commentary on these numbers later. I’m sure several authors will feel compelled to produce long pieces on them. 😀

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is tryin’ to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.