Tesla back on track after breaking its quarter delivery record

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Tesla’s second quarter saw the Californian tech company deliver over 95,200 of its vehicles to customers, which is more than it has ever achieved in any three month period in its history.

This figure breaks its previous quarterly record 90,700, which it set in Q4 of 2018. The positive news for Tesla bodes well for its future after production of its Model S, X and 3 has been somewhat of a rollercoaster that has seen highs as well as lows in terms of number of vehicles rolling off the production line.

Tesla

The company began 2019 with a slow start with only 63,00 deliveries of all its models but has bounced back by outpacing all expectations, and as such has seen its stock value to surge by 7%, which will help offset the 30% drop it has seen since the beginning of the year.

With Tesla’s goal of delivering 360,000 to 400,000 vehicles for 2019, the company will have to produce more than 200,000 vehicles by the end of the year.

The initial slowdown seen in the first quarter is reportedly due to chain issues it ran into when delivering vehicles into China and Europe, which appear to have been rectified. Tesla is currently in the middle of constructing its third Gigafactory in China where it will produce the Model 3 for sale in the world’s largest electric vehicles.

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