Tesla delivered more than 90,000 vehicles in Q2 despite pandemic-induced shutdowns

Shawn Knight

Posts: 12,394   +121
Staff member
Why it matters: Tesla on Thursday said it managed to deliver more than 90,000 vehicles to buyers during the second quarter despite its main factory in Fremont, California, being shut down for an extended period due to Covid-19 containment efforts.

A total of 82,272 vehicles rolled off the assembly line during the quarter. The vast majority of them – 75,946, to be exact – were of the Model 3 / Model Y variety while the remaining 6,326 were either Model S sedans or Model X SUVs.

In terms of actual deliveries to customers, 80,050 Model 3 / Model Y vehicles found new homes during the quarter, as did 10,600 new Model S / Model X examples.

Tesla’s full earnings report is due on July 22 but investors are already taking notice of the impressive performance. As of writing, shares are trading up nearly eight percent on the news at $1,207.14 each. That’s an all-time high for Tesla following a brief stumble as the Covid-19 pandemic set in.

It hasn’t been all rainbows and unicorns for Tesla as of late. In addition to dealing with the aforementioned shutdown issues, the company was recently rated as the worst among 32 major brands in J.D. Power’s 2020 U.S. Initial Quality Study.

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wiyosaya

Posts: 5,321   +3,424
But no update on the terrible quality issues that have been widely reported???
It does say in the article:
It hasn’t been all rainbows and unicorns for Tesla as of late. In addition to dealing with the aforementioned shutdown issues, the company was recently rated as the worst among 32 major brands in J.D. Power’s 2020 U.S. Initial Quality Study.
 

fadingfool

Posts: 165   +165
Their business model doesn't require traditional dealerships so Tesla were able to continue to sell vehicles as usual (unlike pretty much every other OEM) so as long as they have stock all is good.
 

wiyosaya

Posts: 5,321   +3,424
Their business model doesn't require traditional dealerships so Tesla were able to continue to sell vehicles as usual (unlike pretty much every other OEM) so as long as they have stock all is good.
At least in some places, car dealers are considered essential businesses. Toyota dealers remained open in my area. It is possible to still buy a new car as well as have your current vehicle serviced.