Daily Management Review

Tesla cuts Q2 deliveries by almost 5%, but result exceeds forecasts


Deliveries of the US electric car manufacturer Tesla Inc. decreased in the second quarter, but the quarter results exceeded market expectations.

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The firm reported that it delivered 443,956 electric cars to the market in the most recent quarter, which is 4.7% fewer than it did a year earlier.

FactSet’s survey of experts estimated that Tesla would deliver 436 thousand vehicles on average.

422,405 units of the budget versions Model 3 and Model Y were delivered, with 21,551 units of the remaining variants.

From April to June, Tesla produced 410,831 vehicles, a 14.3% decrease from the same period last year.

The business will make available its complete set of financial statements for the second quarter on July 23.

source: bloomberg.com