Economy

Tesla delivered record number of cars in Q2 2019

Tesla delivered record number of cars in Q2 2019

"Tesla has done a great job of playing the structural benefits of an electric vehicle to its advantage". 95,200 cars were delivered during the second quarter of 2019.

According to Tesla, the logistics enhancement places it in a very good position to continue its total production and sales growth for the new quarter. The year 2018 was the first time the Model 3 has earned the distinction of being the top selling EV. The figure also overtook the company's previous deliveries, which stood at 63,000 cars delivered in the first three months of 2019. Tesla's production target for the year is "still an Everest task, especially with competition coming at them from all angles".

Tesla (TSLA) stock was at one point up more than seven percent during yesterday's holiday-shortened trading session as the company set new delivery and production records.

In the second half of 2018, Tesla delivered 115,950 Model 3 premium/performance sedans to North American customers.

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The sensors form the backbone of Tesla's driver assist tech Autopilot, which has copped some criticism in the media due to a handful of crashes such as a Florida incident that occurred in March when a Model 3 was involved in a fatal crash with a tractor. Tesla doesn't break down deliveries by region in its release.

The Tesla Model 3 has topped the bill in Euro NCAP's latest safety examinations, impressing in a variety of different and demanding tests.

It's worth noting that the Model 3 wasn't considered as "the" safest auto on the road today, but as being one of the safest along with other cars. "Once solid estimates for Tesla's quarterly production and delivery numbers are in, short sellers and critics jump to the next quarter and typically claim that delivery will fall off tremendously because pent-up consumer demand has been exhausted and sustainable new demand is going to be much more limited". The number of vehicles in transit at the end of June was more than 7,400. For adult occupants, Euro NCAP even gave Model 3 a rating of 96 per cent, and 86 per cent for children. The Jaguar I-Pace saw sales of only 1,073 EVs while the Audi e-tron SUVs saw sales of just 1,835 units.