Tesla has missed its delivery goals for the second quarter in a row.
http://www.recode.net/2016/7/5/12097382/tesla-shipment-delays-second-quarter
Just ensuring we have a balanced posting for Tesla around here..... I'm sure a certain poster will come along and try to paint this a rosy picture....
Quote:
In May, Tesla CEO Elon Musk said despite missing his goal of delivering 16,000 vehicles during the first quarter, he expected the company to be able to produce 20,000 cars and ship 17,000 of them in the second quarter. But Tesla missed that goal, producing 18,345 cars and shipping 14,370 during the period.
Quote:
As of now, the company has shipped a total of 29,190 vehicles in 2016 with 5,150 cars in transit. So at the beginning of the third quarter, Tesla is expected to have shipped 34,340 cars. That means the company has to deliver 45,660 more cars to meet the low end of its shipment goal for the year.
Quote:
In spite of remaining confident, Musk conceded that Tesla has to rethink the production planning for its first-ever mass-market car.
This continues to show a pattern of Tesla over promising and under delivering.
Another article on the subject:
http://www.fool.com/investing/2016/07/06/tesla-cant-keep-its-little-promises-how-can-it-kee.aspx
Quote:
Thus, it's quite unlikely that the first Model 3 will be ready for delivery by the end of 2017.
http://www.recode.net/2016/7/5/12097382/tesla-shipment-delays-second-quarter
Just ensuring we have a balanced posting for Tesla around here..... I'm sure a certain poster will come along and try to paint this a rosy picture....
Quote:
In May, Tesla CEO Elon Musk said despite missing his goal of delivering 16,000 vehicles during the first quarter, he expected the company to be able to produce 20,000 cars and ship 17,000 of them in the second quarter. But Tesla missed that goal, producing 18,345 cars and shipping 14,370 during the period.
Quote:
As of now, the company has shipped a total of 29,190 vehicles in 2016 with 5,150 cars in transit. So at the beginning of the third quarter, Tesla is expected to have shipped 34,340 cars. That means the company has to deliver 45,660 more cars to meet the low end of its shipment goal for the year.
Quote:
In spite of remaining confident, Musk conceded that Tesla has to rethink the production planning for its first-ever mass-market car.
This continues to show a pattern of Tesla over promising and under delivering.
Another article on the subject:
http://www.fool.com/investing/2016/07/06/tesla-cant-keep-its-little-promises-how-can-it-kee.aspx
Quote:
Thus, it's quite unlikely that the first Model 3 will be ready for delivery by the end of 2017.